competitive quality

Which Are Two Qualities Of Perfect Competition?

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Which Are Two Qualities Of Perfect Competition? The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost. Which are

What Are The Features Of Perfect Competition Class 11?

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What Are The Features Of Perfect Competition Class 11? Perfect Competition. … Features of Perfectly Competitive Market. 1) A large number of buyers and sellers. … 2) Homogenous products. … 3) Free exit and entry of firms. … 4) Perfect knowledge among buyers and sellers. … 5) No transport costs. … 6) Perfect mobility of