How would economists most often define a perfectly competitive market?
How would economists most often define a perfectly competitive market?
A) Many firms compete with one another, and the cost of entering the market is low.
B) Many firms compete with one another, and the cost of entering the market is high.
C) Firms do not compete with one another, and the cost of entering the market is low.
D) Firms do not compete with one another, and the cost of entering the market is high.
ANSWER
Answer: A
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