Economy, asked by urkking26431, 10 months ago

Firm in Perfect Competition Market:
(a) is price determiner
(b) accepts the price
(c) can influence the price
(d) None of these

Answers

Answered by Anonymous

0

(c) can influence the price

Answered by hotelcalifornia

0

The firm is in perfect competition market accepts the price.

What are the characteristics of a perfect competition market?

In this market, there are a large number of buyers and sellers are available
Any firm that enters and exits in this market has no restrictions
All the products in this market are perfect and of high quality
There is no role of government in this market and the profit does not affect any third party
In this market, sellers earn maximum profit

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