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Answer
Determine whether each of the following is a charcteristrics of perfect competition,
a) Perfect competition and monopolistic competition both share a large number of buyers and sellers
b) All forms of business can sell commodities
c) Advertising is done monopolisticc competition and oligopolies
d) Strong barriers to entry are imposed by monopoly and oligopolies
e) Except perfect competition, all forms of organizations are price makers because they can set their own price.
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