Because, if unrestrained by a meddlesome government, it results in THE most efficient allocation of resources. At the equilibrium price, all the sellers will be able to sell exactly as much as they want to sell, and all the buyers will be able to buy exactly as much as they want to buy. No shortages, no surpluses. Companies make a reasonable, but not windfall profit.
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.
pure competition
Apex question, answer removed, copyright violation
Out line the main features of parfect competition
Oligopoly, Pure competition, Monopolistic competition
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
There are four basic market models based on the amount of competition within the industry. They are pure competition, monopolistic competition, oligopoly, and pure monopoly.
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
The opposite of pure competition is monopoly. In a monopoly, a single seller dominates the market, controlling prices and supply without competition. Unlike pure competition, where many firms offer identical products and no single firm can influence market prices, a monopolistic market can lead to higher prices and reduced choices for consumers. Other forms of market structures, such as oligopoly and monopolistic competition, also differ from pure competition but do not have the same level of market control as a monopoly.
Pure competition is one that occurs when there are no artificial factors introduced in the market. This means that there would no government regulation.
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
It is least likely to be in pure competition.