Which of the following statements is true?

A. Perfect competition is an unattainable standard that is probably impossible to find.
B. Very few business firms have any control over price in perfect competition.
C. The determination whether two products are identical is done by the sellers.
D. Perfect competitors are price makers.

A. Perfect competition is an unattainable standard that is probably impossible to find.

Economics

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The demand curve for a perfectly competitive industry is

A) downward sloping. B) horizontal. C) vertical. D) indeterminate without more information.

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Write the formula to find the present value of $x to be paid in n years

Economics