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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Which conditions must be present for "perfect competition" to occur?
A) A large number of buyers and sellers, and all of them enjoy full and complete information.
B) Sellers produce identical products.
C) There is a costless mobility of resources.
D) Everybody behaves as a price taker.
E) All of the above.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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9 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
My pleasure Happy Dummy
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#4
4 years ago
thank you
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