Select the items that describe perfect competition. identical products many sellers cannot influence price price maker
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The items that describe perfect competition are the following;
Open Entry and Exit products.
In perfect competition, the sellers can enter and exit the market whenever they want to. They can sell their product in the market against other similar or identical goods . They have to put competitive price because there are several other identical goods.
The items that describe perfect competition are the following;
Open Entry and Exit products.
In perfect competition, the sellers can enter and exit the market whenever they want to. They can sell their product in the market against other similar or identical goods . They have to put competitive price because there are several other identical goods.
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identical products, many sellers
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