Which of the Following Is (Are)basic Feature(s)of a Perfectly Competitive

question 73

Multiple Choice

Which of the following is (are) basic feature(s) of a perfectly competitive industry?

• A) Buyers and sellers have perfect information.
• B) There are no transaction costs.
• C) There is free entry and exit in the market.
• D) All of the statements associated with this question are correct.

---

Definitions:

Intestinal Infection

An infection characterized by the presence of harmful or pathogenic bacteria, viruses, or parasites in the intestines, leading to symptoms such as diarrhea, cramps, and nausea.

Traveling Abroad

The act of going from one's home country to another country for various purposes, such as tourism, business, or study.

Colostomy

A surgical procedure in which a portion of the colon is brought through an opening in the abdominal wall to allow stool to exit the body without passing through the rectum.

Long-term Goal

An objective aimed to be achieved over an extended period, often requiring strategic planning and sustained effort.