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.
Correct Answer:
Verified
Q10: _ a large number of firms competing
Q11: When one firm sells a good or
Q12: In which market structure does one firm
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Q16: A market in which many firms sell
Q17: One requirement for an industry to be
Q18: One requirement for an industry to be
Q19: In which of the following market types
Q20: Which of the following market types has
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