Multiple Choice
Which of the following would prevent a market from being classified as perfectly competitive?
A) there are many buyers and sellers in the market
B) it is easy for new firms to enter the market
C) it is easy for existing firms to exit the market
D) buyers perceive significant differences among the products of different sellers
E) each buyer purchases only a tiny fraction of the total market quantity
Correct Answer:

Verified
Correct Answer:
Verified
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