For Perfect Competition To Exist There Must Be Many Buyers And Sellers Few Competitors Restrictions To The Entry Of N 1 (28.37 KiB) Viewed 26 times
For Perfect Competition To Exist There Must Be Many Buyers And Sellers Few Competitors Restrictions To The Entry Of N 2 (21.68 KiB) Viewed 26 times
For perfect competition to exist, there must be many buyers and sellers. few competitors. restrictions to the entry of new firms. competitive advertising.
If a firm faces a perfectly elastic demand for its product, then: MR = TR/AR MR = AR = P MR = AR X P MR = TRX P
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