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Answer to Question #227348 in Microeconomics for Happiness
Question #227348
Which one of the following is not a requirement for or a characteristic of perfect competition?Â
A. all market participants should have perfect knowledge of market conditions.
-  B. the good must be homogeneous.
-  C. there should be no government intervention.
-  D. every firm must have the power to set its price
Expert's answer
 D. every firm must have the power to set its price
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