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sjbux sjbux
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5 years ago
All of the following are characteristics of a perfectly competitive industry EXCEPT

• firms in the industry are price takers.

• buyers and sellers have equal access to information.

• there are a large number of buyers and sellers with only a few being able to influence the market price.

• the product sold is homogeneous.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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lindslinds
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5 years ago
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sjbux Author
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#2
5 years ago
Exactly what I needed for my project, TYSM
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