A perfectly competitive market is characterized by:
a. many buyers and sellers, a standardized product, and free entry and exit.
b. many buyers and sellers, a differentiated product, and free entry and exit.
c. many buyers and sellers, a standardized product, and barriers to entry and exit.
d. many buyers and few sellers, a standardized product, and barriers to entry and exit.
a
Economics
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The ability to quickly convert an asset into cash is
A) disintermediation. B) the standard of deferred payment. C) financial intermediation. D) liquidity.
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