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Terms in …Terms in this set (12) group of firms that produce similar products or provide similar services. each firm in a perfect competitive market. monopoly granted by the government. result when a single firm can fill the demand for a good more efficiently than if there were multiple firms. large number of independent buys and sellers.monetarism. satisfied, vanity. food, raiment. the love of money. True. riches, righteous. This set covers A Beka Book Economics Chapter 9: "What Money is Good For" (pages 142-162). Learn with flashcards, games, and more — for free.true. in a free market economy, who determines what goods are to be produced and in what quantity? consumer. Study with Quizlet and memorize flashcards containing terms like means through which buys and sellers exchange goods, t/f: market signals are signs that producers use to determine how much to buy, approximately how many years of life ...Abeka Economics Chapter 12. Teacher 19 terms. jlshickerson. Preview. 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