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Answer to Question #272882 in Microeconomics for Sahani

Question #272882

Explain the characteristics of perfect competitive market

1
Expert's answer
2021-11-29T16:26:04-0500

(1) There are a lot of buyers looking for the product, and there are a lot of vendors looking to sell it.

(2) Sellers and buyers have access to all essential information in order to make informed decisions regarding the products they are buying and selling.


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