Economy, asked by manikhna49, 2 months ago

In which form of market
structure
Price
key factor competing
explain why?
would
when
be the key factor when competing? ​

Answers

Answered by siyaanushka055
1

Answer:

Yes, all products appear the same which means price becomes a crucial factor in competition. In perfect competition, there are many firms selling homogenous products. Prices are driven down to the same level.

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