Ask Question
4 March, 08:09

Which statements describe characteristics of pure competition? Check all that apply.

+2
Answers (1)
  1. 4 March, 10:23
    0
    The characteristics that describe pure competition are:

    - Many sellers involved in the competition and none of them had the power to influence the price.

    - Buyers also couldn't influence the price.

    - It is fairly easy to come and compete in the market

    - The commodities that offered in the market are similar in type and price.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which statements describe characteristics of pure competition? Check all that apply. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers