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Every Sunday,Mandysells herhomemadecandies,Mandy'sCandies, at a large local farmers' market. At the last market, there were many other stalls selling exactly the same candies asMandy's. The
Every Sunday,Mandysells herhomemadecandies,Mandy'sCandies, at a large local farmers' market. At the last market, there were many other stalls selling exactly the same candies asMandy's. The market displayed all the characteristics of a perfectly competitive market.
1.The demand forMandy's candies is not perfectly elastic.
2.Mandywill be a price taker.
3.For a perfectly competitive market, there would be easy entry and exit.
Which of the above statements are true
you can choose several answers, which you think rights.
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