Business

Mccullough

20 May, 08:10

Which of the following scenarios BEST describes perfect competition?

A.

The industry is dominated by one producer.

B.

Many sellers offer similar but not identical products.

C.

Many small sellers offer identical products.

D.

There are only a few large sellers/suppliers of a product or service.

E.

There is only one seller/supplier of a product.

+5

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