The cosmetics industry is not considered by economists to be a good example of perfect competition because ?

profit margins are very high for both producers and retailers

there are many EU and government health controls on cosmetic products

there are a very large number of firms in the industry

firms spend a large amount of money on advertising

The cosmetics industry is not considered by economists to be a good ex

1.	The cosmetics industry is not considered by economists to be a good example of perfect competition because ?
A.	there are many EU and government health controls on cosmetic products
B.	there are a very large number of firms in the industry
C.	firms spend a large amount of money on advertising
D.	profit margins are very high for both producers and retailers
Answer» D. profit margins are very high for both producers and retailers