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1.     1.Many buyers and sellers.
 
1.     1.Many buyers and sellers.
 
             2.Goods that are perfect substitutes for each other.
 
             2.Goods that are perfect substitutes for each other.
             3.Perfect knowledge in the market.
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             3.Perfect knowledge in the market  
 
             4.Perfect mobility of resources.
 
             4.Perfect mobility of resources.
  
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