In perfect competition, a large number of buyers and sellers exist a small number of sellers exist buyers and sellers deal in a variety of products buyers and sellers have little knowledge of the items for sale

In perfect competition, a large number of buyers and sellers exist a small number of sellers exist buyers and sellers deal in a variety of products buyers and sellers have little knowledge of the items for sale

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter9: Competition And Monopolies

Section9.1: Perfect Competition

Problem 6R

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In perfect competition,
a large number of buyers and sellers exist
a small number of sellers exist
buyers and sellers deal in a variety of products
buyers and sellers have little knowledge of the items for sale

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