Qu12 Chapter 8 Quiz This Question 1 pt 10 of 15 In a perfect

Qu12. Chapter 8 Quiz This Question: 1 pt 10 of 15 In a perfectly competitive market, 0 A, firms can freely enter and exit. O B. firms sell a differentiated product. ° C. transaction costs are high O D. All of the above

Solution

Answer is A. Firms cab freely enter and exit. Explanation: In a perfectly competitive market, the entry of new firms and exit of the exisiting frim are allowd without anny restrictions.