Perfectly competitive firms
A) sell identical products.
B) are price makers.
C) are large relative to the size of the market.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Perfectly competitive firms sell identical (or homogeneous) products, which is a key characteristic of perfect competition. This means that the products offered by different firms are considered perfect substitutes for each other.

Perfectly Competitive Firms