Pure competition cannot exist because in a perfectly competitive market, there would be a very large number of small firms producing identical products, with no barriers to entry or exit. In reality, markets often have barriers to entry, firms have some degree of market power, and products are not always identical due to differences in quality or branding. These factors prevent pure competition from being achieved.
Because they compete to survive. Like people we cannot live without foods and all our needs so they compete for their needs. == ==
most noble gases exist in their pure form because they are so unreactive
No, it does not exist naturally in its pure form. Itexists in the combined form.
silver
These elements exist as compounds.
Oligopoly, Pure competition, Monopolistic competition
markets for agricultural goods such as sugar and for finacial securities such as shares are the closest approximation to pure competition . in reality , pure competition doesnt exist
The profit motive undermines competition unless competition is protected.
The profit motive undermines competition unless competition is protected.
I need an answer what are 5 characteristics of pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
The textile industry is probably the closest example to pure competition on Earth.
The textile industry is probably the closest example to pure competition on Earth.
As per my knowledge pure substance does not have anything else added to it. Air and water are pure substances that exist in nature. A pure substance cannot be taken apart to locate more substances.
A monopoly involves no competition at all while pure competition involves a high level of competition.
A monopoly involves no competition at all while pure competition involves a high level of competition.