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22 July, 22:51

Perfect competition is characterized by

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  1. 23 July, 01:05
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    Perfect competition is a market structure where many companies or firms offer a homogeneous products. The freedom of entry and exit and perfect information makes the firm makes a normal profit, prices are kept low by the competitive pressure. It is characterized by the following Many Firms, Freedom of entry and exit of product, identical products, price curves, and perfect information
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