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4 March, 08:09

Which statements describe characteristics of pure competition? Check all that apply.

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  1. 4 March, 10:23
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    The characteristics that describe pure competition are:

    - Many sellers involved in the competition and none of them had the power to influence the price.

    - Buyers also couldn't influence the price.

    - It is fairly easy to come and compete in the market

    - The commodities that offered in the market are similar in type and price.
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