Choose the correct answer(s) that describe perfect competition:a) Identical products are difficult to find because even

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Choose the correct answer(s) that describe perfect competition:a) Identical products are difficult to find because even when online auctions offer identical products, transaction costs and seller reputation differentiate the products.b) Perfectly competitive firms enjoy positive producer surplus in the long run because they are price-takers.c) Agriculture is a near-perfectly competitive industry and the US is the world's largest agriculture exporter due to its low productioncosts.
Choose the correct answer(s) that describe perfect competition:
a) Identical products are difficult to find because even when online auctions offer identical products, transaction costs and seller reputation differentiate the products.b) Perfectly competitive firms enjoy positive producer surplus in the long run because they are price-takers.
a) Identical products are difficult to find because even when online auctions offer identical products, transaction costs and seller reputation differentiate the products.
b) Perfectly competitive firms enjoy positive producer surplus in the long run because they are price-takers.
c) Agriculture is a near-perfectly competitive industry and the US is the world's largest agriculture exporter due to its low production
costs.