In a Perfectly Competitive Market Structure Any Firm Can Enter

Multiple Choice

In a perfectly competitive market structure any firm can enter or leave the industry without serious impediments. 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.