Economy, asked by sulikawoary, 6 months ago

mention the charactenistics of perfect competition market

Answers

Answered by SahibaKaur2102

2

Explanation:

Firms are said to be in perfect competition when the following conditions occur
(1) many firms produce identical products
(2) many buyers are available to buy the product, and many sellers are available to sell the product
(3) sellers and buyers have all relevant information to make rational decisions

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