Why is pure competition considered an unsustainable system?
Price differentiation is often too minimal to matter.
Few barriers exist to entry, meaning that the market inevitably floods.
Consumers cannot distinguish between products.
Producers cannot make a profit if they keep dropping their prices.
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Price differentiation is often too minimal to matter. Few barriers exist to entry, meaning that the market inevitably floods. Consumers cannot distinguish between products. Producers cannot make a profit if they keep dropping their prices.
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Price differentiation is often too minimal to matter. Few barriers exist to entry, meaning that the market inevitably floods. Consumers cannot distinguish between products. Producers cannot make a profit if they keep dropping their prices.
HOPE IT WILL HELP YOU
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