1. In a perfectly competitive market structure there are a large number of buyers and sellers. This implies:

a) the products sold will be alike.

b) firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment.

c) no one buyer or seller has any influence on price.

d) consumers are able to find out about lower prices charged by other firms.

(I know the answer is not a or b.)