Perfectly competitive firms would not advertise as advertising would serve no purpose. A market that is perfectly competitive exists only in theory.
monopoly
Yes
Scarcity
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A competition relationship is the struggle between animals as they try to use the same limited resource.
All of the liquid has boiled to a vspor
Energy
Hypotension.
carcity exists
*** Market condition wherein no buyer or seller has the power to alter the market price of a good or service. Characteristics of a perfectly competitive market are a large number of buyers and sellers, a homogeneous (similar) good or service, an equal awareness of prices and volume, an absence of discrimination in buying and selling, total mobility of productive resources, and complete freedom of entry. Perfect competition exists only as a theoretical ideal.
Passive Transport (: