Solved: What are the likely reasons that the market for electricity, Basic Computer Science

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What are the likely reasons that the market for electricity

What are the likely reason(s) that the market for electricity is not perfectly competitive? Select all that apply.

There are few sellers in the market.checked
There are few buyers in the market.unanswered
It is difficult to enter or exit the industry as a supplier.unanswered
Electricity is not a standardized (homogeneous) product.

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