Computer Science, asked by ramiltanael, 1 month ago

What do you think are the benefits to society of a perfectly competitive market?

Answers

Answered by msmeena143143

0

The benefits

The benefitsBecause there is perfect knowledge, there is no information failure and knowledge is shared evenly between all participants. There are no barriers to entry, so existing firms cannot derive any monopoly power. Only normal profits made, so producers just cover their opportunity cost.

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