differnce between pure and perfect competition
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As put by the American economist Edward Chamberlin, pure competition is “competition unalloyed with monopoly elements”, whereas perfect competition involves “perfection in many other respects than the absence of monopoly.” Pure competition is characterised by the absence of any monopoly element.
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as put the american economist edward Chamberlain pure competition is competition unalloyed with monopoly elements whereas perfects competition involes .
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