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Title: Perfect Competition
Description: Fundamental description of Perfect Competition.
Description: Fundamental description of Perfect Competition.
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Perfect Competition
Sanim Gurung
Perfect competition
• A hypothetical market where competition is at
its greatest possible outcome for consumers
and society
...
• Barriers to entry and exit the market is low
• Incentive function where supply of stocks can be
altered depending on firms in the market
Title: Perfect Competition
Description: Fundamental description of Perfect Competition.
Description: Fundamental description of Perfect Competition.