Tap every feature of perfect competition

Exercise and reference answers

Questions

1. Items

   1. Text

      Many buyers

      Matches the category

      Yes

   2. Text

      Many sellers

      Matches the category

      Yes

   3. Text

      Free entry of firms

      Matches the category

      Yes

   4. Text

      One seller only

      Matches the category

      No

   5. Text

      Entry is restricted

      Matches the category

      No

   Category

   True under perfect competition

Instructions

Tap only the items that belong to the category shown.

Explanation