Question

What are features of Perfect competition? How price is determined under Perfect

Competition, please explain with points explanation​

Answer 1

1.Large number of buyers and Sellers.

2.Homogeneous Product.

3.Free entry and exit conditions.

4.Perfect knowledge on the part of buyers and sellers.

5.Perfect mobility of factors of production.

6.Absence of transport cost.

7.Absence of Government or artificial restrictions.

Answer 2

Answer:

ohh 12th naanu 10th ankonde postpone andidakke namdu Karnataka board

sorry Akka ninna time waste maadidre