The characteristic of a perfectly competitive market does not involve that it is difficult for the firm to enter & exit the market.
The following represent the characteristics of the perfectly competitive market:
- It deals with homogeneous products.
- There are many buyers and sellers.
- Free entry & exit.
- Each firm should be the price taker.
Therefore, we can conclude that the characteristic of a perfectly competitive market does not involve that it is difficult for the firm to enter & exit the market.
Learn more: brainly.com/question/20421012
