Which Is the Most Accurate Statement

question 316

Multiple Choice

Which is the most accurate statement?

• A)There are generally large economies of scale available to perfect competitors.
• B)Perfect competition is an ideal state of affairs,which unfortunately,does not exist in any industry.
• C)A perfectly competitive industry often has substantial barriers to entry.
• D)Although perfect competitors produce an identical product,they do compete on the basis of price.

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