features of perfect competition
Answers
Answered by
2
The perfect competition markets have the following features;
Large markets.In these markets,they usually produce a portion of products where by they cannot influence the prices of these commodities.The firms are referred to as the price takers.
Also,they have large number of buyers where by they compete for the minimum portion s of commodities at the price set for those identical commodities.No buyer can influence the price of the market price.
Similar questions