Which characteristic(s) relate(s) to perfect competition? Group of answer choices Consumers cannot distinguish one firm's product from another, and new firms can easily enter the industry. An industry
1) Consumers cannot distinguish one firm's product from another, and new firms can easily enter the industry.
2) Consumers can easily distinguish one firm's product from another, and new firms cannot enter the industry.
3) Consumers cannot distinguish one firm's product from another, and new firms cannot enter the industry.
4) Consumers can easily distinguish one firm's product from another, and new firms can easily enter the industry.