In a perfectly competitive market,________.

Question

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In a perfectly competitive market, all sellers sell an identical good or a service. This means that consumers have access to the same product regardless of who they buy it from, and sellers cannot differentiate their products through branding or other means. This results in a level playing field for all market participants, with prices determined solely by supply and demand. Options A, B, and D do not accurately describe a perfectly competitive market.

In a Perfectly Competitive Market,________