Which of the following is a characteristic of a perfectly competitive market?
A. Firms are price setters.
B. . There are few sellers in the market.
C. Firms can exit and enter the market freely.
D. All of the above are correct.
Answer:C
Which of the following is a characteristic of a perfectly competitive market?
A. Firms are price setters. B. . There are few sellers in the market. C. Firms can exit and enter the market freely. D. All of the above are correct.