1. Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).Assumed in perfect CompetitionNot Assumed in perfect CompetitionA. A small number of producersB. Significant barriers to entryC. Many buyersD. Firms selling similar but different goodsE. Price taking behavior2. Listed below are the markets for several products. Sort the different markets according to whether or not they are consistent with the assumptions of perfect (or pure) competition. Be sure to place all of the items. Perfect or Pure CompetitionNot Perfect or Pure CompetitionA. The market for carsB. The market for pizza in a large cityC. The marker for cornD. The market for dollarsE. The market for designer shoesF. The market for 14 karat gold