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Sagot :
Perfect competition is the type of market structure is the demand curve the same as marginal revenue.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
Perfect competition is characterized by three key factors:
(1) the absence of any significant market dominance;
(2) standardization of industry output;
(3) freedom of entry and exit.
The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one is the firm's marginal revenue.
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