Which of following is a key assumption of a perfectly competitive market?
A) Firms can influence market price.
B) Commodities have few sellers.
C) It is difficult for new sellers to enter the market.
D) Each seller has a very small share of the market.
E) none of the above
D
Economics
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In the above table, the government sector balance is a
A) surplus of $200 billion. B) deficit of $200 billion. C) surplus of $100 billion. D) deficit of $100 billion.
Economics
A sub-discipline of economics that looks at the economy as a whole is:
a. macroeconomics. b. microeconomics. c. positive economics. d. normative economics. e. impossible to model.
Economics