Question

i have 90 points for you..........
State and discuss four characteristics of perfect competition.

Answer 1

PERFECT COMPETITION, CHARACTERISTICS: The four key characteristics of perfect competition are: (1) a large number of small firms, (2) identical products sold by all firms, (3) perfect resource mobility or the freedom of entry into and exit out of the industry, and (4) perfect knowledge of prices and technology........

HOPE IT HELPED BUDDY. . . . . . . .

Answer 2

COMPETITION, CHARACTERISTICS: The four key characteristics of perfect competition are: (1) a large number of small firms, (2) identical products sold by all firms, (3) perfect resource mobility or the freedom of entry into and exit out of the industry, and (4) perfect knowledge of prices and technology........

HOPE IT HELPED BUDDY. . . . .

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