If a Factor Market Is Competitive, Then the Product Market

question 83

True/False

If a factor market is competitive, then the product market must also be competitive.

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Definitions:

Direct Message

A private form of communication between social media users or within digital platforms that is not visible to others.

Underlying Purposes

Fundamental reasons or motives behind actions or decisions, often not immediately apparent.

Negative Elements

Components or aspects of a situation, proposal, or environment that are harmful or undesirable.

Informative Message

A communication that aims to enlighten or inform the recipient about specific facts or details.