Indentical

Write a summary on perfect competition and talk about the characteristics of perfect competition.Write a 500 word summary that doesn’t need any sources or citing

Summary on perfect competition Talk about the characteristics of perfect competition many firms easy entry and exit goods are indentical no advertising price takers-no control over price Talk about results in the short run Marginal revenue will equal marginal cost The firm is perfectly elastic meaning it’s sensitive to a price change At optimal point […]

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