Engineering Economics
Aside from many sellers and many buyers, which one is a characteristic of perfect competition?

All of these
Perfect information and absence of all economic friction
Homogeneous product
Free market entry and exit

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Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.
The minimum number of incorporators to start a corporation is three.
It is worse type of business organization.

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