Economy, asked by lokesh14154, 11 months ago

what are the main features of pure competition​

Answers

Answered by malhijaspal75
1

Answer:

Pure competition involves-

A very large number– a very large number of independently acting sellers, e.g., farm product, stock market, foreign exchange market. Price taker- Individual firm exert no significant control over the market price. Each firm's quantity is too small to affect the market supply or price.

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