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A perfect market is a market form of which there are many buyer and sellers producing homogenous goods this market seems to operate without any trade restriction
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What are the characteristics healthy market?
characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
Does perfect competition market exist in the market world?
Check
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
What is market equilibrium under perfect competition?
it is a state in which market demand = market supply
What are the characteristics healthy market?
characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
Does perfect competition market exist in the market world?
Check
Can you find some basic aspect of perfect competition which is essentially absent in stock market?
yes indian stock market perfect competition in market
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
What is market equilibrium under perfect competition?
it is a state in which market demand = market supply
What is the market structure?
Perfect Competition
Why is land market not a perfect market?
because it would be better in the sky
What sets prices in a perfect market?
market conditions are responsible for price setting, as thing in perfect market are homogeneous, any different product with special feature would have a high price for it .
Is it possible to get perfect information in the market?
no but from women it is
What is the simplest market structure?
Perfect Competition
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
