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If We Assume Perfect Information, Perfect Mobility of Resources, and No

question 23

True/False

If we assume perfect information, perfect mobility of resources, and no transactions costs, then there is little need for firms.


Definitions:

Processor Executes

The process where the CPU runs or carries out instructions in a computer program.

2 GHz

A frequency level of 2 gigahertz, often related to the clock speed of computer processors or communication signal frequencies.

Input Device

A hardware device used to enter data and instructions into a computer, for example, a keyboard or mouse.

Printer

A peripheral device connected to a computer or network that converts digital documents into physical copies on paper or other substrates.

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