there are many producers selling the same products at similar prices.
A monopoly has one producer in a market and duopoly has two.
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.
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
It is a market driven by reasonable market prices that satisfy the needs of the customer.
Essentially, administered price is referring to a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces. The earliest known use of the term administered price was in 1934.
A monopoly has one producer in a market and duopoly has two.
market portion. Lets say real estate was the market and you specialize in unit developments then your market segment would be unit developments
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.
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
By Market Force
A competitive market is one that has multiple buyers and sellers. This means there is no single vendor or consumer who has absolute control over the price in the market. In such a market, businesses openly compete for market share.
where a group of businesses come together in a place to buy and sell items or it can also be a customer
what is the incidence of corporate tax in an imperfectly competitive market graphically and mathematically?