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Author Question: Perfectly competitive industries are characterized by a homogeneous product. (Read 70 times)

abc

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on: Apr 19, 2019

Question 1

Economists do 
not consider the smartphone industry perfectly competitive because


◦ the government strictly regulates entry and exit.
◦ smartphones are heterogeneous.
◦ smartphone manufacturers each have a small market share.
◦ there are a large number of smartphone manufacturers.

Question 2

Perfectly competitive industries are characterized by a homogeneous product.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by abc on Apr 19, 2019

allisonblackmore

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply #2 on: Apr 19, 2019
Thanks


allisonblackmore

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Reply #3 on: Apr 19, 2019
Welcome :)


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