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Author Question: Which of the following best illustrates a perfectly competitive market? a. Soft drinks. b. ... (Read 44 times)

neverstopbelieb

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on: Jun 30, 2018
Which of the following best illustrates a perfectly competitive market?
 a. Soft drinks.
  b. Automobiles.
  c. Electric power.
  d. Soybean farmers.

Question 2

The price elasticity of demand coefficient for a good will be greater:
 a. if close substitutes exist.
  b. if minor complements exist.
  c. in the short-run.
  d. if a small portion of the budget will be spent on it.


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AISCAMPING

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


neverstopbelieb

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Reply 2 on: Jun 30, 2018
Wow, this really help

nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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