Question

What avoids normal profit unden
perfect completion​

Answer 1

Answer:

What are the 4 conditions for perfect competition?

Firms are in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product that ...

Explanation:

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