Describe any four characterstics of perfectly competitive market
Answers
Answered by
2
Hello!! this is the answer....
four characteristics of perfectly competitive market are:
- Sellers constantly compete with other sellers to put up better prices.
- The sellers also keep increasing the quality of their products to make more customers come to their shop.
- The sellers also try to sell things that no other shop has , in order to get more customers to come to their shops.
- The sellers make catchy slogans so that more people will be attracted to come to their shops.
Hope it helps :)
If it helped please mark as brainliest....
Answered by
0
Answer:
1. large number of buyers and sellers
2.Free entry and exit
3.perfect knowledge about market
4.homogenous product
Attachments:
Similar questions