Which Characteristic Is Present in a Perfectly Competitive Market

question 2

Multiple Choice

Which characteristic is present in a perfectly competitive market?

• A)Firms produce identical or nearly identical products
• B)Market price is beyond the control of any individual firm
• C)A firm's demand curve is perfectly horizontal at the market price
• D)Firms can enter and exit the market very easily
• E)all of the above

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Definitions:

Renal Stones

Hard deposits made of minerals and salts that form inside the kidneys, also known as kidney stones.

Kidney

An organ in vertebrates responsible for filtering waste products from the blood and excreting them as urine.

Dysuria

Painful urination; difficulty in urination.

Voiding

The process of emptying the bladder of urine; also known as urination.