Which of the following markets are closest to perfectly competitive

a. The market for smart phones
b. The market for generic pharmaceuticals
c. The market for sport shoes
d. The market for fast food

b

Economics

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Will increased imports of supercomputers for industry promote economic growth?

What will be an ideal response?

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The more elastic the demand curve, the smaller is the deadweight loss resulting from the imposition of a tax

a. True b. False Indicate whether the statement is true or false

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