McqMate
| Q. |
The three primary characteristics of a perfectly competitive market are |
| A. | the firms\ products are unique, they set their own price and can freely enter and exit the market |
| B. | the firms\ products are homogenous, the firms are price takers and can freely enter and exit the market |
| C. | the firms\ products are homogenous, the firms are price takers and there are barriers to entry into the market |
| D. | the firms\ products are unique, they are price takers and there are no barriers to entry in the market |
| Answer» B. the firms\ products are homogenous, the firms are price takers and can freely enter and exit the market | |
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