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n insufficient profits for investmentn (ii) lack of product varietyn (iii) lack of competition over product design and specificationn (iv) unequal distribution of goods & incomen (v) externalities e.g. pollution
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Disadvantages of perfect competition?
variety is limited since ferms produces similer products
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
Advantages and disadvantages of Perfect competition market structure?
Advantages of perfect competition i) optimal allocation of resources (ii) competition encourages efficiency (iii) consumers charged a lower price (iv) responsive to consumer wishes: Change in demand, leads extra supply Disadvantages (i) insufficient profits for investment (ii) lack of product variety (iii) lack of competition over product design and specification (iv) unequal distribution of goods & income (v) externalities e.g. Pollution
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What is the market structure with the most competition?
Perfect Competition
Disadvantages of perfect competition?
variety is limited since ferms produces similer products
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.
What are the disadvantages of..leather?
Its perfect therew are no disadvantages Its perfect therew are no disadvantages
Is bottled water considered a perfect competition?
Perfect competition to what. Please be specific.
Advantages and disadvantages of Perfect competition market structure?
Advantages of perfect competition i) optimal allocation of resources (ii) competition encourages efficiency (iii) consumers charged a lower price (iv) responsive to consumer wishes: Change in demand, leads extra supply Disadvantages (i) insufficient profits for investment (ii) lack of product variety (iii) lack of competition over product design and specification (iv) unequal distribution of goods & income (v) externalities e.g. Pollution
Does perfect competition exist?
No, Perfect Competition is just an imaginary one and it does not exist at all.
What is the market structure with the most competition?
Perfect Competition
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
What does perfect competition do?
Perfect competion lowers the cost of good and services by increasing the competition among firms.
What does monopolistic competition and perfect competition have in common?
they maximize profit
The highest form of competition in economics called?
perfect competition
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
