Ask a New Question

What is true of a perfectly competitive market?

A. The conditions do not exist in reality.
B. The problem of scarcity does not exist.
C. The market share varies by firm.
D. There are significant barriers to entry.
Is it A?

Ask a New Question or answer this question.

Similar Questions

"Deciding on which price to charge is more difficult under less than perfectly competitive conditions (i.e., monopoly) than it
1. 1 answer
What are the condition for a perfectly competivie market? Name 3 products or services that may be found in a perfectly
1. 4 answers
In the market for strawberries, individual firms face no barriers to entry, sell a homogeneous product, and have no control over
1. 1 answer
In the market for strawberries, individual firms face no barriers to entry, sell a homogeneous product, and have no control over
1. 1 answer

more similar questions