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Describe,in detail,each of the following characteristics of a highly competitive firm and explain why each characteristic is important:
a.many buyers and many sellers;
b.similar products;
c.and no barriers to entry or exit.
D-Day
June 6, 1944, when an Allied amphibious assault landed on the Normandy coast and established a foothold in Europe, leading to the liberation of France from German occupation.
Unemployment Declined
A situation where the rate of unemployment decreases, indicating a period of economic growth or recovery.
Income Taxes
Taxes imposed on individuals or entities based on their income or profits by the government.
Final Solution
The Final Solution refers to Nazi Germany's plan during World War II for the genocide of the Jews, leading to the deaths of six million Jewish people in the Holocaust.
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