True
False
True
False
There must be many buyers of the product, none of whose actions affect the price.
There must be many sellers of the product, none of whose actions affect the price.
All producers sell at the different prices.
There must be no barriers of entry into the industry.
The units of labour must be homogeneous.
True
False
Importing
Buying
Selling
Purchase
Sale
Standard
Low
High
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