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Chapter 1; Chapter 2; Chapter 3; Chapter 4; Chapter 5; Chapter 6; Chapter 7; Chapter 8; Chapter 9; Chapter 10; Chapter 11; Chapter 12; Chapter 13; Chapter 14; Chapter 15; Chapter 16 ; Chapter 17; Chapter 18; Chapter 19; Chapter 20; References; Index; 1. Answer The main characteristics of a perfectly competitive market are as follows (i) Large number of buyers and sellers. Practical - chapter 4-1 question & answers. Chapter 1; Chapter 2; Chapter 3; Chapter 4; Chapter 5; Chapter 6; Chapter 7; Chapter 8; Chapter 9; Chapter 10; Chapter 11; Chapter 12; Chapter 13; Chapter 14; Chapter 15; Chapter 16; Chapter 17; Chapter 18; Chapter 19; Chapter 20 ; References; Index; 1. What is the own-price elasticity of demand as price increases from $2 per unit to $4 per unit? Principles of microeconomics chapter 4 answers. Our solutions are written by Chegg experts so you can be assured of the highest quality! Microeconomics Questions and Answers (Q&A) Follow . 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