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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
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
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
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
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.
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
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
Describe characteristics and give examples of prefect competition?
Perfect competition is a market structure where there are many small firms selling identical products, with no barriers to entry or exit. Characteristics include identical products, perfect information, ease of entry and exit, and no market power for individual firms. An example would be the agricultural market for corn or wheat.
