Business Studies, asked by jahan3994, 1 year ago

State the meaning of perfect competition

Answers

Answered by shayanbhai

Perfect competition describes a market structure where competition is at its greatest possible level.

Hope it helps!

Answered by same1232

the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.

Previous Question

Next Question

Similar questions

Math, 6 months ago

Solve the following:-) Sushant reads 1/3 part of a book in 1 hour.How much part of the book will he read in 11/5 hour?

English, 6 months ago

answer in one word one who studies region...

English, 6 months ago

what step will you take to prevent rusting in your cycle...

Physics, 1 year ago

Where strength of earth's magnetic attraction maximum...

Chemistry, 1 year ago

when 20 kilo joule of heat is removed from 1.2 kg of ice originally at -15 degree celsius. its new temperature is...

Social Sciences, 1 year ago

Ganga Kumari has become the first transgender to be appointed in Rajasthan Police. She hails from which district? [A] Udaipur district [B] Baran district [C] Jalore district [D] Dholpur district...

Social Sciences, 1 year ago

Who has won the 2017 Slovenian presidential election? [A] Borut Pahor [B] Andrej Sisko [C] Marjan Sarec [D] Boris Popovic...

English, 1 year ago

Jalar ko English me kya kehte hain...