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waterman7833 waterman7833
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A year ago
The theory of perfect competition is built on several assumptions, including that

▸ each firm must earn economic profits to remain in the industry.

▸ the individual firm can influence demand by advertising.

▸ the individual firm can affect the price of the product it sells.

▸ there are few producers of an identical product.

▸ any firm can easily enter or leave the industry.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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armywahinearmywahine
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A year ago
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waterman7833 Author
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A year ago
Thanks for your help!!
jbarnett14
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Yesterday
this is exactly what I needed
patod1
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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