Which of the following are the factors of perfect competition?
1. Large number of sellers
2. Homogenous products
3. Freedom of entry and exit
4. This market is perfectly inelastic.
Select the correct answer using the code given below:
1
1 and 2 only
2
2 and 4 only
3
1, 2 and 3 only
4
1, 2, 3, and 4