3.4.2 Perfect Competition Flashcards
1
Q
Perfect Competition Characteristics
A
Many Buyers and Sellers
No Barriers to Entry & Exit
Perfect Knowledge of Prices
Homogenous Products
Year 2 - Micro > 3.4.2 Perfect Competition > Flashcards
Perfect Competition Characteristics
Many Buyers and Sellers
No Barriers to Entry & Exit
Perfect Knowledge of Prices
Homogenous Products