Perfect competition, Microeconomics

Perfect Competition

It's a market where conditions prevail like that buyers and suppliers are without the ability to manipulate price in any significant way such that the market dynamics are determined almost completely through the forces of supply and demand.

Posted Date: 10/16/2012 8:35:22 AM | Location : United States







Related Discussions:- Perfect competition, Assignment Help, Ask Question on Perfect competition, Get Answer, Expert's Help, Perfect competition Discussions

Write discussion on Perfect competition
Your posts are moderated
Related Questions
0.767 g of phosphorus and 0.650 g of chlorine were allowed to react. After the reaction was complete, all of the chlorine had been consumed, but 0.650 g of phosphorus remained. How

What do you mean by Consumption Set? Consumption Set: We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X


what is modern theory

A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college

#questAbout four years ago, Kanye West performed at the UIC Pavilion. General admission tickets were priced at $30. Concert promoters say that price elasticity of demand for genera


How do I balance this chemical equation: MgSO4*5H2O

Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod