Which of the following are assumptions about a perfectly competitive market structure?

There should exist a very large number of firms so that the actions of a single buyer or seller have a negligible effect

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Free entry and exit

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Outputs produced by all the firms are indistinguishable from each other

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All of these

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Solution

The correct option is D
All of these

All three are assumptions about perfectly competitive market structure.

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Which of the following are assumptions about a perfectly competitive market structure?

The correct option is D All of these All three are assumptions about perfectly competitive market structure.

The correct option is D
All of these

All three are assumptions about perfectly competitive market structure.