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Write 4 features of competition |
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Answer» Answer: Explanation: Large Number of Buyers and Sellers: ADVERTISEMENTS: ... Homogeneity of the PRODUCT: ... Free ENTRY and Exit of Firms: ... Perfect Knowledge of the Market: ... Perfect Mobility of the Factors of PRODUCTION and Goods: ... Absence of Price Control: ... Perfect Competition among Buyers and Sellers: ... Absence of Transport Cost: |
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