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Discussion :: Engineering Economics

  1. What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

    2. A.

     Perfect competition
    B.

     Oligopoly
    C.

     Oligopsony
    D.

     Monopoly

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    Workspace

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    Answer : Option A

    Explanation :

    Explanation Not Provided

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