Economy, asked by Nusu7646, 1 month ago

In perfectly competitive market a firms

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Answered by umaparipalliu

0

Answer:

Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.

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