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One Requirement for an Industry to Be Perfectly Competitive Is

Question 15

Multiple Choice

One requirement for an industry to be perfectly competitive is that in the industry there


A) are a few firms who control the market.
B) are many firms for whom the efficient scale of production is small.
C) is one firm that sells a product with no close substitutes.
D) are many firms selling different products.
E) is a barrier to entry that makes the entry of new firms difficult.

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