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Earn +20 ptsQ: Distinguish Between the Pure and perfect competition giving examples?
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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
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