Business Studies, asked by shikarimehul845, 1 month ago

Laplan
JUICK
4) Classify the market according to competition.

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Answered by Anonymous

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On the basis of competition, markets are classified as perfect market and imperfect market. In a perfect market, buyers and sellers are fully aware about the prices of products prevailing in the market. Therefore, the price of a product is same all over the market.

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