An assumption of the model of perfect competition is:

A) discrimination.
B) difficult entry and exit.
C) many buyers and sellers.
D) limited information.

Perfect Competition

A market structure characterized by a large number of small firms, identical products, and ease of entry and exit, leading to no single firm influencing the market price.

Many Buyers

A market condition where there are numerous consumers for a product, enhancing competition and potentially reducing prices.