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Market for electricity is not perfectly competitive

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Reference no: EM131716848

What are the likely reason(s) that the market for electricity is not perfectly competitive? Select all that apply.

  • There are few sellers in the market.checked
  • There are few buyers in the market.unanswered
  • It is difficult to enter or exit the industry as a supplier.unanswered
  • Electricity is not a standardized (homogeneous) product.

Reference no: EM131716848

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