Question

What are the features of perfect competition?

Answer 1

Oppotion must be strong for perfect competition.

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Answer 2

Answer:

A s per the question

Features of perfect competition :

* Large number of buyers and sellers

* Homogeneous products and services

* Free entry and exists

* Perfect information about market and condition

* Perfect mobility of factors of production

* Uniform price level

* No transport cost

* Difference between firm and industry

* All firms have access to factors of production