Unit 2.11(2) Market power - Perfect competition(HL)

Perfect competition is a theoretical model of how a market behaves under the conditions of the purest form of competition. There are no examples of pure perfect competition but the characteristics of perfect competition can be observed in agricultural markets where the industry is made up of large numbers of small producers.Perfect competition is a theoretical model of how a market behaves under the conditions of the...
To access the entire contents of this site, you need to log in or subscribe to it.
Click the free stuff button on the home page to access free pages or check the blog (which is also free)