Question

difference between perfect competition and pure competition​

Answer 1

Explanation:

Pure competition is pretty practical whereas Perfect competition is utterly unrealistic. Pure competition has no element of monopoly enabling a producer to change more where Perfect competition has same element of monopoly. Pure competition is less restrictive whereas Perfect competition is more restrictive.

Answer 2

perfect competition: ln economical . specifically general equilibrium the

perfect makes is defined by severa

idealized conditions, collectively called perfect competition

Pure competition: pure competition is a term that describes a makes that has broad range of competitors who are selling the same product.lt is often referred to as perfect competition