Sociology, asked by dhrubajyotisaikia424, 4 months ago

mention any two characteristics of competition

Answers

Answered by gandhisarika21

Answer:

There are a large number of firms in the market.

Firms in the market sell an identical product.

Firms are price takers.

Each firm has a small share of the total market (no monopolies)

Buyers have complete information about the product.

There are no barriers for firms to enter and exit

Explanation:

hope it helps you

Answered by sumeet123pradhan

Answer:

here is your answer

Explanation:

The characteristics are: 1. A Large Number of Buyers and Sellers 2. An Identical or a Homogeneous Product 3. No Individual Control Over the Market Supply and Price

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mention any two characteristics of competition​

Answers

mention any two characteristics of competition