Economy, asked by prathamthakkar4722, 7 months ago

Explain the meaning of Perfect competition​

Answers

Answered by mansimadhav132006
3

Answer:

Perfect competition describes a market structure where competition is at its greatest possible level. To make it more clear, a market which exhibits the following characteristics in its structure is said to show perfect competition: 1. Large number of buyers and sellers.

Answered by dsree3614
2

Answer:

Perfect competition describes a market structure where competition is at its greatest possible level. To make it more clear, a market which exhibits the following characteristics in its structure is said to show perfect competition: 1. Large number of buyers and sellers.

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