Which of the following best describes the market structure in perfect competition?

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The market is controlled by a small number of companiesCompanies have the power to set pricesThere are numerous buyers but only a handful of sellersA large number of buyers and sellers participate

Explanation

In perfect competition, the market consists of many buyers and sellers, ensuring no single participant can influence the price. Options A, B, and C describe characteristics of other market structures, not perfect competition.