If a resource is purchased and sold in a perfectly competitive market:

a. there are a large number of resource suppliers and the resources are identical.
b. there is a single buyer of resource and the resources are identical.
c. there is a single buyer of resource and the resources are differentiated.
d. there are a large number of resource suppliers and the resources are differentiated.
e. there are a large number of resource suppliers and there is no entry or exit.


a

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