Which of the following characteristic(s) does not describe a competitive market?   1. A market where firms can freely enter or exit the market.   2. A market where firms sell a differentiated product.   3. A market with few buyers and sellers.   4. A market where firms sell a nearly identical product.   Choices   A.2 and 3   B.1, 2 and 3   C.1, 3, and 4

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