Which of the following is true of perfectly competitive firms?
A) It is difficult for entrepreneurs to become suppliers of a product in a perfectly competitive market structure.
B) A perfectly competitive firm has a perfectly elastic supply curve.
C) In a perfectly competitive market, an individual seller can change his price and it will not alter the output he sells.
D) All of the above are true.
E) None of the above are true.
Correct Answer:
Verified
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