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Question: One requirement for an industry to be perfectly competitive is that in the industry there  A. is ...

Show transcribed image text One requirement for an industry to be perfectly competitive is that in the industry there A. is one firm that sells a product with no close substitutes B. are many firms selling different products C. is a barrier to entry that makes the entry of new firms difficult D. are many firms for whom the efficient scale of production is small E. are a few firms who control the market

One requirement for an industry to be perfectly competitive is that in the industry there A. is one firm that sells a product with no close substitutes B. are many firms selling different products C. is a barrier to entry that makes the entry of new firms difficult D. are many firms for whom the efficient scale of production is small E. are a few firms who control the market