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5 January, 18:15

What are the three conditions for a market to be perfectly competitive?

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Answers (2)
  1. 5 January, 19:29
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    1. many buyers and sellers

    2. all firms selling similar products

    3. all firms have a small market share
  2. 5 January, 21:16
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    No monopoly

    Exact same prices and products

    They both specialise in the same things
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