Economy, asked by Poorwansha, 2 months ago

Define Perfect competition. Explain the various features of perfect competition.​

Answers

Answered by vg592805
1

Answer:

Meaning and Definition of Perfect Competition:

A Perfect Competition market is that type of market in which the number of buyers and sellers is very large, all are engaged in buying and selling a homogeneous product without any artificial restrictions and possessing perfect knowledge of the market at a time.

Answered by Jyotsnaparewa
2

Explanation:

A Perfect Competition market is that type of market in which the number of buyers and sellers is very large, all are engaged in buying and selling a homogeneous product without any artificial restrictions and possessing perfect knowledge of the market at a time.

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