In a Perfectly Competitive Market Structure Both Buyers and Sellers

Multiple Choice

In a perfectly competitive market structure both buyers and sellers have equal access to information. This implies

A) the products sold will be alike.
B) firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment.
C) no one buyer or seller has any influence on price.
D) consumers are able to find out about lower prices charged by other firms.