During our time spent discussing the perfect competition model, we covered potentially
serious problems with its conclusions and implications. All of the following are
criticisms of this theory except: (2 points)
A) overly unrealistic assumptions
B) reduces economic welfare
C) ignores the entrepreneur
D) the theory focuses too much on the number of sellers instead of the process of
production that leads to the satisfaction of consumer demand
E) all of the above are legitimate criticisms of the model
