In an Environment Characterized by Perfect Competition,we Expect That ________

Multiple Choice

In an environment characterized by perfect competition,we expect that ________.

A) there are very few firms in the economy
B) there are many firms in the economy but a very few have the lion's share of the industry
C) the are many small firms in the economy and every single firm is a price taker
D) the government sets prices for all firms
E) none of the above