In Perfect Competition,which of the Following Conditions Exist

question 71

Multiple Choice

In perfect competition,which of the following conditions exist?

• A) only one producer
• B) no relationship between supply and demand
• C) a large number of buyers and few sellers
• D) a large number of sellers producing nearly identical products

---

Definitions:

Blast

A sudden, violent blow or impact, often referring to explosions or powerful gusts of wind, but can also describe the rapid growth and proliferation of cells in a specific context like biology or medicine.

Cidal

A term used in biology and pharmacology to describe agents or substances that kill or destroy, often used in the context of bacteria (bactericidal) or fungi (fungicidal).

Bi-

A prefix meaning two, twice, or double.

Pan-

A prefix meaning "all" or "every," used to indicate inclusiveness or universality.