Business Studies, asked by jahan3994, 11 months 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.

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