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Which of the following market characteristics would limit competition?

Which of the following market characteristics would limit​ competition?

Competition would be limited if


firms cannot raise the price of their product above that of competitors without losing all sales.


consumers have no impact on market price.


customers are not free to take their business to whomever they choose.


new firms entering an industry have to

invest in research or product development



buyers do not care from which firm they purchase the output.

Top Answer

E.buyers do not care from... View the full answer

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C. customers are not free to... View the full answer

D) New firms entering an industry... View the full answer

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