​Perfectly Competitive Markets Are Characterized by

Multiple Choice

​Perfectly competitive markets are characterized by

A) ​conditions that discourage new firms from entering the market.
B) ​conditions that allow firms to determine how much they wish to produce, without influencing the market price.
C) ​conditions that presume that each firm produces a unique product.
D) ​conditions that force firms to advertise their product heavily, to compete with other producers.