Examples of Perfect Competition

January 30, 2023 ⚊ 1 Min read ⚊ Views 75 ⚊ BLOG

A theoretical economic scenario known as perfect competition occurs when a market is equally shared by many competitors; However, each business sells the same product. Additionally, there is no monopoly because each company has an equal share of a given market segment. As a result, it has no effect on competitors’ prices.

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Tags: Economics Dictionary

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∎ − There are many different examples of monopolistic competition. For example, in the case where there are many firms producing the same product by combining their....