As a result of standardized products under perfect, Business Economics

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As a result of standardized products under perfect

As a result of standardized products, under perfect competition:

A. Firms are confronted by diminishing returns.

B. Firms will seek to attain quality advantages.

C. Firms face perfectly elastic demand curves.

D. Firms face perfectly inelastic demand curves.

E. Firms are forced to advertise.

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Business Economics: As a result of standardized products under perfect

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