Attempts $1\mathrm{.}3$ Average $1\mathrm{.}3/2$

$1.$ Markets and competition

In a perfectly competitive market, all producers sell goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers $.$

True or False: The market for internet exhibits the two primary characteristics that define perfectly competitive markets. TrueFalse