Perfect competition is defined as market structure in which:

a. it is very easy for firms to enter or exit the market.
b. the product is homogeneous.
c. All of the answers are correct.
d. there are many small sellers.

c

Economics

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Physical money includes coin and currency.

What will be an ideal response?

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An increase in the real interest rate leads to a(n) ________

A) increase in demand for capital B) decrease in demand for labor C) increase real output D) increase in demand for money

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