People in the Eastern Part of Beirut Are Prevented by Border

question 108

Multiple Choice

People in the eastern part of Beirut are prevented by border guards from traveling to the western part of Beirut to shop for food. This situation violates the perfect competition assumption of:

• A) price-setting behavior.
• B) a small number of buyers and sellers.
• C) differentiated goods.
• D) ease of entry and exit.

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