In a perfectly competitive market structure, O A. there are so many firms in the market that each must accept the price set by the forces of market demand and market supply. O B. one firm's ability to sell its product does not depend on the behaviour of any other firm. C. there is no need for individual firms to compete actively with one another. D. All of the above.

In a perfectly competitive market structure, O A. there are so many firms in the market that each must accept the price set by the forces of market demand and market supply. O B. one firm's ability to sell its product does not depend on the behaviour of any other firm. C. there is no need for individual firms to compete actively with one another. D. All of the above.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 8PA

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