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A key characteristic of a competitive market is that A. producers sell nearly identical products. B. firms minimize total costs. C. firms have price setting power. D. government antitrust laws regulate competition.

Respuesta :

Answer:

The correct answer is a. producers sell nearly identical products.

Explanation:

Competition means the same product offer in a market where there are no substitutes, therefore it is considered a perfect market where there is full knowledge of the determinants to be able to focus on essential tasks in the supply chain. The breaking point in this scenario is low variables of quality, price, availability, among others.

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