Multiple Choice
The assumption under perfect competition of a firm that has no market power means that
A) firms are free to leave the market any time and there is no power keeping them there.
B) the good one firm produces is very different than the good another produces.
C) the good one firm produces is exactly then same as the good another firm produces.
D) that no buyer will pay more for one firm's good than another's.
Correct Answer:
Verified
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