Economy, asked by thindinaksh6676, 1 year ago

A market in which there are large numbers at sellers of a particular product

Answers

Answered by KunalS91
1
Hii frnd here is ur answer.


Perfect competition refers to a market situation in which there are large number of buyers and sellers of homogeneous products.
The price of the product is determined by industry with the forces of demand and supply. For instance, if you require pen, there should be several shops selling pens.

Hope it help u.
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