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1. large number of buyers and sellers.
2. homogeneous product.
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∙ 12y ago
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How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What is the market structure with the most competition?
Perfect Competition
What does perfect competition do?
Perfect competion lowers the cost of good and services by increasing the competition among firms.
Features of perfect competition?
in 1971 Bangladesh achieved freedom.
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
Is IBM perfect competition?
IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What is the market structure with the most competition?
Perfect Competition
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
What does perfect competition do?
Perfect competion lowers the cost of good and services by increasing the competition among firms.
What does monopolistic competition and perfect competition have in common?
they maximize profit
The highest form of competition in economics called?
perfect competition
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
What is the market structure?
Perfect Competition
