The characteristic feature of perfect competition is
A. large number of firms; heterogeneous product; easy entry and exit
B. a large number of firms homogeneous product; incomplete information
C. a large number of firms; homogeneous product; easy entry and exist
D. few firms; homogenous product; difficult entry and exit
Answer:C
The characteristic feature of perfect competition is
A. large number of firms; heterogeneous product; easy entry and exit B. a large number of firms homogeneous product; incomplete information C. a large number of firms; homogeneous product; easy entry and exist D. few firms; homogenous product; difficult entry and exit