Question

Write down the Characteristics of perfect Combettive market​

Answer 1

Answer:

A perfectly competitive market has the following characteristics:

There are many buyers and sellers in the market.

Each company makes a similar product.

Buyers and sellers have access to perfect information about price.

There are no transaction costs.

There are no barriers to entry into or exit from the market.

Explanation:

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Answer 2

Explanation:

A perfectly competitive market has the following characteristics:

There are many buyers and sellers in the market.

Each company makes a similar product.

Buyers and sellers have access to perfect information about price.

There are no transaction costs.

There are no barriers to entry into or exit from the market