Economy, asked by rounick8517, 9 months ago

What do you mean by under conditions of perfect competition in the product market?a)mrp=vmp b)vmp>mrp c)mrp>vmp

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Answered by pkumar66373

0

Answer:

Perfect competition refers to a market situation in which there are large number of buyers and sellers of homogeneous products. ... Under conditions of perfect competition, every seller should be selling the same quality of pens at the uniform prevailing price in the market. You may buy a pen from any shop at price Rs. 10...

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