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20 hours ago · A good with many close substitutes is likely to have relatively_____ demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises.
In a purely competitive industry, buyers view the products of firms B, C, D and E as Blank______ for the product of firm A. perfect substitutes. A basic feature of the purely competitive market is the presence of Blank______. a large number of sellers.
