Ask Question
BusinessBusiness
13 September, 17:52

What are Pros and cons of perfect competition?

+4
Answers (2)
  1. 13 September, 20:37
    0
    Adding on to the explanation above:

    Because there are a lot of sellers and buyers, prices remain relatively low and competitive, as well as many new or improved products coming on to the market. The down side is, you get a lot of cheep products, and a few more expensive good quality products. The huge amount of sellers also makes it difficult for new businesses to open and establish themselves.
  2. 13 September, 21:42
    0
    Perfect competition - A perfectly competition firm is one that is marked by a huge number of seller / producers as well as a large number of buyers. These firms produce large amounts of homogeneovs products that are sold at a price decided in the market by market force.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are Pros and cons of perfect competition? ...” 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
You Might be Interested in
Potatoes cost janice $0.50 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. if she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.
Answers (1)
Amy and Katie have between $125 and $200 dollars to spend on jewelry for Christmas presents for their friends. If they buy 8 bracelets at $3.50 each and 6 necklaces at $12 each, how many paris of earrings can they buy if they cost $6.00 each?
Answers (1)
A severe water shortage recently hit country X. The government wants to ensure that drinking water remains affordable to the public. What policy or steps should the government undertake? A. Decrease spending on water reforms. B.
Answers (1)
Sage, Inc. had net sales in 2017 of $1,432,200. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $325,000 debit, and Allowance for Doubtful Accounts $3,000 credit.
Answers (1)
In 2002, Mattel decided to manufacture all of its toys such as Barbie, Fisher-Price, Sesame Street, and Disney overseas in self-owned and self-operated factories. In doing so, Mattel is utilizing which market entry strategy?
Answers (1)
New Questions in Business
Economists consider governments to be "wasteful:" - whenever they over - or underallocate resources to a project. - only when they overallocate resources to a project. - only when they underallocate resources to a project.
Answers (1)
Sheila went to college to study accounting, and got her first entry-level job right after graduating. however, as she gained more experience at the law firm where she worked, she became more knowledgeable about tax law and decided to make a
Answers (1)
The following information pertains to Oro Corp.: Credit sales for the year ended December 31 $450,000 Credit balance in allowance for uncollectible accounts at January 1 10,800 Bad debts written off during the year 18,000 According to past
Answers (1)
A factory has added a new incentive program to encourage employees to use payroll deductions to contribute to their 401K retirement account. The company will now contribute funds based on the employee deduction amount.
Answers (1)
An electronics firm sells four models of stereo receivers, three amplifiers, and six speaker brands. When the three types of components are sold together, they form a "system." How many different systems can the electronics firm offer?
Answers (1)
Home » Business » What are Pros and cons of perfect competition?
Sign Up Forgot Password?