In perfect competition, ________
A) there are restrictions on entry into the market
B) firms in the market have advantages over firms that plan to enter the market
C) only firms know their competitors' prices
D) there are many firms that sell identical products
D
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An increase in checking account balances equals the initial deposit multiplied by total reserves
Indicate whether the statement is true or false
Explain the difference between frictional and structural unemployment
What will be an ideal response?
The elasticity of demand for gasoline is likely to be relatively low in the short term and higher as the period of time gets longer.
Answer the following statement true (T) or false (F)
In the United States, which institution is primarily responsible for supervising banks?
a. Federal Reserve b. Office of the Comptroller of the Currency c. National Credit Union Administration d. Federal Deposit Insurance Corporation