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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: A requirement of perfect competition is thati.many firms sell an identical product to many buyers.ii
Post by: Loraine on Jun 21, 2015
A requirement of perfect competition is that
i.   many firms sell an identical product to many buyers.
ii.   there are no restrictions on entry into (or exit from) the market, and established firms have no advantage over new firms.
iii.   sellers and buyers are well informed about prices.
A) i only
B) i and ii
C) iii only
D) i and iii
E) i, ii, and iii


Title: Re: A requirement of perfect competition is thati.many firms sell an identical product to many buyer
Post by: Smoooth on Jul 29, 2015
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Title: Re: A requirement of perfect competition is thati.many firms sell an identical product to many buyers.ii
Post by: Smoooth on Aug 31, 2015
You're welcome :-]