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What could not prevent a market from becoming perfectly competitive?
Trade embargos and corruption are factors that could prevent a given market from becoming competitive. These factors usually lead to uneven playing ground as far as the competitiveness of a given market is concerned.
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
What are the example of short period local perfectly competitive market?
poultry market rice market
What could not prevent a market from becoming perfectly competitive?
Trade embargos and corruption are factors that could prevent a given market from becoming competitive. These factors usually lead to uneven playing ground as far as the competitiveness of a given market is concerned.
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 are the example of short period local perfectly competitive market?
poultry market rice market
Is stock exchange an example of perfectly competitive market?
Yes
What are the characteristics of a perfectly competitive market and a monopoly market?
characteristics of perfectly competitive market includes 1.Homogeneous products i.e identical in shape,size,taste,color,e.t.c 2.perfect knowledge to both consumers and producers 3.no transport costs incurred 4.perfect mobility of factors of production 5.common prices for identical goods in the market. 6.
In a perfectly competitive market an increase in demand will in the long run generally cause?
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
Does a perfectly competitive market demonstrate the need for subsidies and price ceilings?
no
Characteristics of perfect competitive market?
A perfectly competitive market has many competitors. There is no one competitor that has more say in product prices within the industry.
In a perfectly competitive market individual consumers have .?
no influence over determining price
