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What else can I help you with?
The highest form of competition in economics called?
perfect competition
Who has the exercise about fundation year economics such as the theory of the perfect competition and economics of the firm?
die
What use is the concept of perfect competition in business economics?
circular flow
Does Indian Stock Market explain perfect competition?
no
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is the Price elasticity of demand in each of the four market structures perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
Is housing property market perfect competition?
No. There is no such thing as a perfectly competitive market, as it is only used as a model in economics.
What is perfect competition and how does it function within the field of economics?
Perfect competition is a market structure where many buyers and sellers trade identical products, with no barriers to entry or exit. In this model, no single buyer or seller can influence the market price. It functions within economics by serving as a benchmark for analyzing other market structures and understanding how competition affects prices and efficiency.
Explain in detail with suitable examples the imperfect competition and perfect competition?
In imperfect competition the producer is the price maker whereas in perfect the producer is the price taker. In imperfect no new competitors enter the industries hence super normal profits will continue to be realised, unlike in perfect comp
Is IBM perfect competition?
IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
