A perfect market is one in which: Select one: a. one participant in the market has more resources than the others. b. there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production. c. one firm develops an advantage based on a factor of production that other firms cannot purchase. d. competition is at a minimum, as each niche market within an industry is served by the company with the gr

A perfect market is one in which:

Select one:

a. one participant in the market has more resources than the others.

b. there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.

c. one firm develops an advantage based on a factor of production that other firms cannot purchase.

d. competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage.

eatest competitive advantage.