Identify the odd feature with regard to the characteristics of 'Pure Competition':

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Economics · Microeconomics

Identify the odd feature with regard to the characteristics of 'Pure Competition':

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Price-maker firm

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Answer 1

Price-maker firm

Answer 2

Large number of buyers and sellers

Answer 3

Free entry and free exit of firms

Answer 4

Homogeneous product

Identify the odd feature with regard to the characteristics of 'Pure Competition':

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