Which of the following is a characteristic of perfect competition?
A) Individual firms have the power to set prices.
B) Firms produce differentiated products.
C) New firms can easily enter the market.
D) There are only a few very large firms producing all output in the market.
Correct Answer:
Verified
Q198: In a competitive constant-cost industry,an increase in
Q199: Q200: In a decreasing cost industry,the Q201: Which of the following would result from Q202: In a perfectly competitive market,the first firm Q204: Which of the following markets most closely Q205: Which of the following is not a Q206: Because perfectly competitive markets rarely exist in Q207: Which of the following is not a Q208: 
A)long-run supply curve
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