An essential characteristic of a perfectly competitive market is:

Question

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In a perfectly competitive market, goods are standardized, meaning they are identical in quality and features. They are also interchangeable, meaning that buyers are indifferent to who they purchase from because the goods offered by each seller are identical. This also means that goods from one seller cannot be distinguished from another's. All three of these characteristics must be present for a market to be perfectly competitive.

An Essential Characteristic of a Perfectly Competitive Market Is