Technology can become a barrier to entry for producers
Perfect competition to what. Please be specific.
No, Perfect Competition is just an imaginary one and it does not exist at all.
Perfect Competition
Perfect competion lowers the cost of good and services by increasing the competition among firms.
they maximize profit
There will be a increase in competition and there will be increase in opportunities. webmaster at service.ztronics.com
In imperfect competition, there are really big companies that have a large effect on the economy, and there is even a monopoly sometimes. In perfect competitions, one of the requirements is not to have any sole firm have any noticeable impact on the economy.
IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.
Perfect competition to what. Please be specific.
No, Perfect Competition is just an imaginary one and it does not exist at all.
Perfect Competition
science and technology is not always perfect
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Perfect competion lowers the cost of good and services by increasing the competition among firms.
they maximize profit
perfect competition
The market concentration ratio for perfect competition is Low (Less than 40%).