Answered: One characteristic of a perfectly…

One characteristic of a perfectly competitive market is that there are sellers of the good or service. OA. 1 or 2 OB. a few OC. usually less than 10 OD. hundreds or thouIsando

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 7SCQ: If new technology in a perfectly competitive market brings about a substantial reduction in costs of...

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Question

One characteristic of a perfectly competitive market is that there are
sellers
of the good or service.
OA. 1 or 2
OB. a few
C. usually less than 10
OD. hundreds or thousands

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