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One Requirement for an Industry to Be Perfectly Competitive Is

Question 64

Multiple Choice

One requirement for an industry to be perfectly competitive is that


A) there are no restrictions on entry into or exit from the market.
B) there are multiple restrictions on entry into or exit from the market.
C) there are many firms selling different products.
D) sellers and buyers have imperfect information about prices.
E) the many firms sell slightly different products.

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