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

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

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Engineering Economics
The financial analysis:

All of these
Helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment
Helps a bank to know the financial position of the firm for granting a loan to the firm
Helps to judge the success of the firm's financial plans

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