Perfectly competitive industries are
A) difficult to enter because there are already so many producers in the industry.
B) not particularly appealing or attractive to enter because there tend to be so many buyers that it is difficult to deal with them.
C) relatively easy to enter but not so easy to exit from.
D) a and b
E) none of the above
Correct Answer:
Verified
Q16: In a perfectly competitive market, the market
Q17: In a perfectly competitive market, firms face
Q18: A perfectly competitive firm will always maximize
Q19: For the perfectly competitive firm, the demand
Q20: Popular online publications that have no close
Q22: For a perfectly competitive firm,
A)the marginal revenue
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