A
Large number of firms in the industry
B
Outputs of the firms are perfect substitutes for one another
C
Firms face downward-sloping demand curves
D
Resources are very mobile
Correct option is C)
A
Large number of firms in the industry
B
Outputs of the firms are perfect substitutes for one another
C
Firms face downward-sloping demand curves
D
Resources are very mobile
Correct option is C)
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