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Distinguish perfect competition and imperfect competition?
In imperfect competition the producer is the price maker. Whereas in perfect the producer is the price taker meaning there are many producers and no one can influence the price.
What is difference between perfect competition and oligopoly?
the difference between perfect and imperfect oligopoly
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
Explain in detail with suitable examples the imperfect competition and perfect competition?
In imperfect competition the producer is the price maker whereas in perfect the producer is the price taker. In imperfect no new competitors enter the industries hence super normal profits will continue to be realised, unlike in perfect comp
Distinguish perfect competition and imperfect competition?
In imperfect competition the producer is the price maker. Whereas in perfect the producer is the price taker meaning there are many producers and no one can influence the price.
What is difference between perfect competition and oligopoly?
the difference between perfect and imperfect oligopoly
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
Which is the main difference between perfect competition and monopolistic competition?
In monopolistic competition, sellers can profit from the differences between their products and other products.
Use examples to show the difference in the profit maximization goal of perfect competition and monopoly?
Shut
Explain in detail with suitable examples the imperfect competition and perfect competition?
In imperfect competition the producer is the price maker whereas in perfect the producer is the price taker. In imperfect no new competitors enter the industries hence super normal profits will continue to be realised, unlike in perfect comp
Is IBM perfect competition?
IBM is a company, so it can't be a perfect competition. Only industries can be a perfect competition, or not.
What are the key differences between perfect competition and imperfect competition in the market structure?
In perfect competition, there are many buyers and sellers, products are identical, and there are no barriers to entry. In imperfect competition, there are fewer sellers, products may be differentiated, and there may be barriers to entry.
What are characteristics and give examples of perfect competition?
Perfect competition is characterized by a large number of buyers and sellers, homogeneous products, free entry and exit from the market, and perfect information. In this market structure, no single buyer or seller can influence the market price, leading to an equilibrium where price equals marginal cost. Examples of perfect competition are rare, but agricultural markets, such as those for wheat or corn, often come close, as many farmers sell uniform products and have little control over pricing.
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
What are the examples of perfect competition in business?
In economics, perfectly competive markets are those where neither consumer nor producer have influence over prices; they are price takers. Examples follow:Agritgultural Products, commodities such as corn and wheatSemiconductorsUnskilled Labour
