Which of the following exists when there is a homogeneous product with buying prices equal to selling prices and no individual buyers or sellers can affect those prices by their own actions?
A) Simple competitive market.
B) Double competitive market.
C) Complex competitive market.
D) Uniquely competitive market.
E) Perfectly competitive market.
E
Business
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Discuss, briefly, the role of the transformation function
What will be an ideal response?
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