Subjects>Law & Government>Law & Legal Issues

Is IBM perfect competition

Anonymous

∙ 10y ago

Updated: 11/10/2022

IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.

Wiki User

∙ 10y ago

What else can I help you with?

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 is the relationship between Solaris and IBM?

None. Solaris is produced by Sun Microsystems. IBM is a separate company that produces some products in competition with Sun.

The highest form of competition in economics called?

perfect competition

What does monopolistic competition and perfect competition have in common?

they maximize profit

In what ways does imperfect competition differ from perfect competition?

Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.

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

What do you understandby perfect competition?

In perfect compettition, there should not be any uneven,unfair competition, detrimental to the interests of the all the parties involved.

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