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Simultaneous ____________ is a product's ability to satisfy a large number of consumers at the same time.

User Bombo
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Final answer:

Simultaneous demand is a product's ability to satisfy a large number of consumers at the same time in a perfect competition market, resulting in increased productivity, lower prices, and more choices for consumers.

Step-by-step explanation:

Simultaneous demand is a product's ability to satisfy a large number of consumers at the same time. In a perfect competition market, there are many sellers offering identical products with no barriers to entry or advantage for existing sellers, resulting in a wide variety of goods and services available to consumers. This leads to increased productivity, lower prices, and more choices for consumers.

User Jolee
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