Economy, asked by anujpratap8130, 9 months ago

Question 5
State the two characteristics of imperfect competition market.

Answers

Answered by Anonymous
0

Explanation:

Some of the main characteristics of Imperfect Competition are as follows: Under imperfect competition, there are large number of buyers and sellers. Each seller can follow

Answered by Bhanushalidev
0

Answer:

1. Large number of Sellers and Buyers

2. Product Differentiation

3. Selling Costs

4. Free Entry and exit of Firms

5. Price-makers

6. Blend of Competition and Monopoly

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