English, asked by simrandhanju59, 11 months ago

perfecf mobility feature in a perfecf competition

Answers

Answered by ismartnani

1

Answer:

The following characteristics are essential for the existence of Perfect Competition:

Large Number of Buyers and Sellers: ...

Homogeneity of the Product: ...

Free Entry and Exit of Firms: ...

Perfect Knowledge of the Market: ...

Perfect Mobility of the Factors of Production and Goods: ...

Absence of Price Control:

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