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View the full answer. Which of the following is not a characteristic of a perfectly competitive market. Penn State Professor Uses Pop Culture To Teach Economics Teaching Economics Economics Lessons Teaching Widening wage gap between less educated workers and highly educated workers. . Because of firm location or product. There are many sellers. Firms produce identical products. Asked 10102016 82533 PM. In competitive markets the following is not correct. Do not worry and we have some options for you here. Which of the following statements is NOT true about perfectly competitive markets. There are many sellers. Answer There are many buyers and many sellers in the market. Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. In Competitive Markets Which of the Following Is N. Log in for more information. Wh...

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