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One Characteristic of a "Complete" Market Is Perfect Information

question 71

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One characteristic of a "complete" market is perfect information.


Definitions:

Morphemes

The smallest units of sound that carry a meaning in language. They are distinct from phonemes, which can alter meaning but have no meaning by themselves.

Syntax

The patterns or rules by which words are arranged into phrases and sentences.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, characteristics, or techniques.

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