Choose the statement about perfect competition that iscorrectA. There can be a small number of firms but each firm produces a va
riety of products.B.One firm sells a product that is slightly different from the product of a competing firm.C. There are no close substitutes for the goods produced by each firm.D. There is no restriction on the entry of new firms into the industry.
D. There is no restriction on the entry of new firms into the industry.
Explanation:
The statement about perfect competition that is correct is<em> there is no restriction on the entry of new firms into the industry</em>. Perfect competition describes a theoretical structure of the market in which competition reaches its highest level. Option A is incorrect because there is no limit to the number of firms. Moreover, each firm produces the same product.
From my point of view, Civil Service examinations (also public tendering) are examinations <span>implemented in various countries for recruitment and admission to the civil service. </span>
This group eventhough not big but it has that significant small role that it plays in one's own behaviour. It bringing back their Russian langauge eventhough it only happens once a month but it does play a role in someone not forgetting their Russian langauge because for that moment they get to converse it comes back to them who they are as Russians.
