Why Is It Rare For An Industry To Be In A Perfect Competition Setting?
why is it rare for an industry to be in a perfect competition setting?
Answer:
None of the firms are large enough to influence the industry. The characteristics of a perfectly competitive market include insignificant contributions from the producers, homogenous products, perfect information about products, no transaction costs, and no long-term economic profits.
Explanation:
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Answer:
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Explanation:
Man…I wasn’t into you I was just a simply bored person…And you are One of my victims
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