In perfect competition, Part 2 A. businesses are price makers. B. many sellers produce an identical product or service. C. there are usually economic barriers to entry. D. a business always hires many workers.When a business exits an industry, Question content area bottom Part 1 A. economic losses increase. B. the marketminusclearing price rises. C. economic profits decrease. D. all other businesses will exit too. E. the marketminusclearing price falls