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What is true of a perfectly competitive market? A. The conditions do not exist in reality. B The problem of scarcity does not exist. C. The market share varies by firm. D. There are significant barriers
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What is true of a perfectly competitive market?

A. The conditions do not exist in reality.
B The problem of scarcity does not exist.
C. The market share varies by firm.
D. There are significant barriers to entry.

User Bassirou
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1 Answer

6 votes

The correct answer is B.) The problem of scarcity does not exist.

Because since it is a 'perfectly competitive' market then scarcity shouldnt exist.

-Autumn Leaves

User Wendie
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