Explain the characteristics of a perfectly competitive market
Answers
Answered by
6
large no of buyers n sellers
no transportation cost
homogeneous goods ( same as size, color, packing, quality)
no govt interference
fully knowledge about market to the buyers n sellers
free entry n exit of the firm
same price coz goods r same
no transportation cost
homogeneous goods ( same as size, color, packing, quality)
no govt interference
fully knowledge about market to the buyers n sellers
free entry n exit of the firm
same price coz goods r same
Similar questions