role of market and government in economy
wheat
Perfect competition to what. Please be specific.
Same fast food restaurants in a town
No, Perfect Competition is just an imaginary one and it does not exist at all.
Perfect Competition
wheat
wheat
IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.
Perfect competition to what. Please be specific.
Same fast food restaurants in a town
No, Perfect Competition is just an imaginary one and it does not exist at all.
Perfect Competition
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Perfect competion lowers the cost of good and services by increasing the competition among firms.
In economics, perfectly competive markets are those where neither consumer nor producer have influence over prices; they are price takers. Examples follow:Agritgultural Products, commodities such as corn and wheatSemiconductorsUnskilled Labour
they maximize profit
perfect competition