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It doesn't. there is no such thing as perfect competition. who will know everything about a product if he/she doesn't go research? how can there be totalhomogeneousproduct for sale without differentiation (e.g china soya bean, US soya bean).
Some market structure however do exhibit such system like Stock Market where you can easily get your hands on all the information required online.
What else can I help you with?
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Does perfect competition market exist in the market world?
Check
Why to study perfect competition if it does not exist in the real world?
By studying perfect competition, we can learn how much an ideally functioning market system might accomplish and we can compare it to real world market structures.
An example of a company that is doing pure competition in the market?
markets for agricultural goods such as sugar and for finacial securities such as shares are the closest approximation to pure competition . in reality , pure competition doesnt exist
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Does perfect competition market exist in the market world?
Check
Why to study perfect competition if it does not exist in the real world?
By studying perfect competition, we can learn how much an ideally functioning market system might accomplish and we can compare it to real world market structures.
An example of a company that is doing pure competition in the market?
markets for agricultural goods such as sugar and for finacial securities such as shares are the closest approximation to pure competition . in reality , pure competition doesnt exist
Do you exist in reality or someones mind?
reality
What traditional philosophy holds that ultimate reality transcends the physical world?
Platonism holds that ultimate reality transcends the physical world and that entities exist as abstract, perfect forms rather than material objects.
Did Plato believe his forms must exist outside the mind?
Yes, Plato believed that the Forms must exist independently of our minds, in a separate realm of perfect and unchanging reality. He argued that the physical world we perceive is merely a reflection or imitation of these perfect Forms.
Does deadweight loss exist in perfect competition?
No, deadweight loss does not exist in perfect competition. In a perfectly competitive market, resources are allocated efficiently, and the price reflects the marginal cost of production. This leads to the optimal level of output where consumer and producer surplus is maximized, eliminating any deadweight loss. However, deadweight loss can occur in markets with monopolies or other forms of market failure.
What are the two types of economic markets?
The two main types of economic markets are perfect competition and monopoly. In a perfect competition market, numerous buyers and sellers exist, leading to an optimal distribution of resources and prices determined by supply and demand. In contrast, a monopoly is characterized by a single seller dominating the market, allowing them to set prices without competition, often leading to inefficiencies and reduced consumer choice. Other market structures, such as monopolistic competition and oligopoly, also exist but are variations of these two primary types.
Is it possible that science could create a mermaid?
No, it is not possible to create a mermaid as they are mythical creatures that do not exist in reality. Science can manipulate genetic material to a certain extent but cannot create entirely new species that do not have a basis in biological reality.
What is the present perfect tense of exist?
The present perfect tense is has/have existed.
