In a perfect competition, there are (few/mixed/many/no) buyers and sellers of products, (differentiated/homogeneous/inorgan ic/natural) and there is (free/no/periodic/restricted) entry and exit in the market.

The perfect competition is an economic model where the free market regulates itself, that is, there is no state intervention. It is a system where there are many companies and consumers, and where the interaction between supply and demand determines the price. In this model, there is free entry and exit of firms and for the sake of conceptual simplification, firms sell homogeneous products.

"In a perfect competition, there are many buyers and sellers of products, homogeneus and there is free entry and exit in the market".

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