Discuss the features of perfect competition ~(^з^)-☆
Answers
Answer:
There are many buyers and sellers in the market.
There are many buyers and sellers in the market.Each company makes a similar product.
There are many buyers and sellers in the market.Each company makes a similar product.Buyers and sellers have access to perfect information about price.
There are many buyers and sellers in the market.Each company makes a similar product.Buyers and sellers have access to perfect information about price.There are no transaction costs.
There are many buyers and sellers in the market.Each company makes a similar product.Buyers and sellers have access to perfect information about price.There are no transaction costs.There are no barriers to entry into or exit from the market.
competition is more people participate in exam achieved in better'results but sheet limited that is competition