Discuss the meaning of imperfect competition and it's short run and long price ?
Answers
Answered by
0
Answer:
Imperfect competition refers to any economic market that does not meet the rigorous assumptions of a hypothetical perfectly competitive market. ... Imperfect competition is common and can be found in the following types of market structures: monopolies, oligopolies, monopolistic competition, monopsonies, and oligopsonies.
Similar questions