Get comprehensive answers to your questions with the help of IDNLearn.com's community. Discover prompt and accurate answers from our community of experienced professionals.
Sagot :
Answer:
many buyers and sellers, identical products, informed buyers and sellers, and free market entry and exit.
Answer:
Firms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product.
Explanation:
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.