Question

Which of the following correctly differentiates perfect competition from other types of economic markets? (1 point)
O Only in perfect competition do businesses sell identical products.
O Only in perfect competition is there only one large business producing a particular product.
O Only in perfect competition do consumers have little knowledge of the product being sold.
O Only in perfect competition is it difficult for businesses to enter the market.
GPT 3.5
The correct answer is: Only in perfect competition is it difficult for businesses to enter the market.

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