Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Which of the following is a necessary condition for perfect competition?
A. A small number of firms control a large share of the total market.
B. Movement into and out of the market is limited.
C. Firms produce a standardized product.
D. Extensive advertising is used to promote the firm's product.

Sagot :