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Jchanis15 Jchanis15
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2 years ago
The conditions for a perfectly competitive market include:

▸ Profits are zero in the short run.

▸ New entrants cannot threaten the position of existing firms.

▸ Firms can control prices.

▸ Firms must employ the newest technologies as soon as they are developed.

▸ Firms behave as price takers.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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livewelldreambilivewelldreambi
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2 years ago
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Jchanis15 Author
wrote...

2 years ago
Smart ... Thanks!
gefa
wrote...

Yesterday
Good timing, thanks!
Marctheshark
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2 hours ago
Just got PERFECT on my quiz
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