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Which of the Following Is Not a Characteristic of a Perfectly

question 22

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Which of the following is not a characteristic of a perfectly competitive market?


Definitions:

Promoter

An individual or organization that helps to initiate and plan significant events, businesses, or movements.

Ratifies

The act of formally confirming or approving a decision or agreement, making it officially valid.

Preincorporation Contract

An agreement entered into on behalf of a corporation before it is legally formed.

Corporate Promoter

An individual or entity that undertakes the efforts to organize and establish a corporation, including arranging initial capital, legal requirements, and business plans.

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