0
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.
What else can I help you with?
Why does competition for food exist in any ecosystem?
Because they compete to survive. Like people we cannot live without foods and all our needs so they compete for their needs. == ==
Which element exisit in its pure form?
most noble gases exist in their pure form because they are so unreactive
Does vanadium occur naturally in it's pure form?
No, it does not exist naturally in its pure form. Itexists in the combined form.
What elements exist in its pure form but must be derived from compounds?
silver
Are elements in the human body in their pure form?
These elements exist as compounds.
What market structures can exist in a free market?
Oligopoly, Pure competition, Monopolistic competition
An example of a company that is doing pure competition in the market?
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 free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
Free market system cannot exist without government regulations for what reason?
The profit motive undermines competition unless competition is protected.
What are five characteristics of pure competition?
I need an answer what are 5 characteristics of pure competition?
Which is the reason why there is no advertising by individual firms under 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.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What is an example of pure competition?
The textile industry is probably the closest example to pure competition on Earth.
What are the examples of pure competition?
The textile industry is probably the closest example to pure competition on Earth.
Is air are pure substance?
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.
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
