Pick the true statement regarding the notion of competition as a process versus the model of perfect competition.
A) The process notion allows for uncertainty and incomplete information; perfect competition doesn't.
B) The process notion allows for price searching activity; perfect competition doesn't.
C) The process notion allows for product differentiation; perfect competition doesn't.
D) The process notion allows for a small number of participants; perfect competition doesn't.
E) All of the above are true.
Question 2
Keynes rhymes with
A) beans.
B) gains.
C) genies.
D) none of the above.
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