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ACTUAL WGU C211 OA Global Economics Exam WITH OVER 100 QUESTONS, ANSWERS AND EXPLANATIONS (2024 / 2025) (Verified And Graded Answers)
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ACTUAL WGU C211 OA Global Economics Exam WITH OVER 100 QUESTONS, ANSWERS AND EXPLANATIONS (2024 / 2025) (Verified And Graded Answers) 1. Which of the following is NOT a characteristic of a perfectly competitive market? A) Many buyers and sellers B) Identical products C) Barriers to entry D) Perfect information Answer: C) Barriers to entry Explanation: Perfect competition is characterized by a large number of buyers and sellers, identical (homogeneous) products, perfect information, no barriers to entry or exit, and firms are price takers.
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