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In a perfectly competitive market what do individual consumers have?
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In a perfectly competitive market individual consumers have .?
no influence over determining price
What is the advantage of a consumers to choose from an adequate variety of goods and services?
a. It ensures a competitive market and allows for individual differences among consumers.
Why does a perfectly competitive market require many participants as both buyers?
so no individual can control the price
Why does a perfectly competitive market require many participants as both buyers and sellers?
So no individual can control the price.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
In a perfectly competitive market individual consumers have .?
no influence over determining price
In a perfectly competitive market, individual consumers have _____.?
no influence over determining price
What is the advantage of a consumers to choose from an adequate variety of goods and services?
a. It ensures a competitive market and allows for individual differences among consumers.
Why does a perfectly competitive market require many participants as both buyers?
so no individual can control the price
What is the advantage of a consumers right to choose from adequate variety of goods and services?
a. It ensures a competitive market and allows for individual differences among consumers.
What is an advantage of a consumers right to choose from a adequate variety of goods and services?
a. It ensures a competitive market and allows for individual differences among consumers.
Why does a perfectly competitive market require many participants as both buyers and sellers?
So no individual can control the price.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
How are prices set in a perfectly competitive market?
By Market Force
Is the used car market perfectly competitive?
no
Do perfectly competitive firms advertise?
Perfectly competitive firms would not advertise as advertising would serve no purpose. A market that is perfectly competitive exists only in theory.
What is one reason that that individual producers in a perfectly competitive market have no influence over price?
One reason that individual producers in a perfectly competitive market have no influence over prices is because they produce a small amount of a product in comparison to the total supply of the product. Perfect competition is sometimes referred to as pure competition.
