What Are The Properties Of Perfect Competition?


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Anonymous answered
I think you are asking of the futures of perfect Competitive market  and Some of them are
Free entry and exit into the market
Existence of large Buyers and sellers
Homogenous goods
Perfect information on market condition
perfect mobility of factors
Goal of profit maximization
Absence of government intervention
Price taking firms
Mustafa Muktar, Ph.D
Department of Economics Bayero University Kano- Nigeria

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