Economy, asked by Chiragbansal5944, 1 year ago

Explain the price determination in perfect competition with the help of schedule and diagram.

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Answered by Anonymous
1
Three features of perfect competitionare as follows: (i) Large number of buyers and sellers Under perfect competition, market is dominated by a large number of buyers and sellers. ... (iii) Free entry and exit of firms Inperfect competition, there is no restriction on the entry and exit of the firms
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