InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What Does Perfect Competition Mean? |
|
Answer» Perfect competition is BASICALLY an economic model that helps to describe a hypothetical MARKET form. In this form the producer or the consumer does have any kind of market AUTHORITY in order to MAKE changes in prices. Perfect competition is basically an economic model that helps to describe a hypothetical market form. In this form the producer or the consumer does have any kind of market authority in order to make changes in prices. |
|