Ask Question
15 July, 03:55

Why are there actually relatively few markets in which there is perfect compeition

+1
Answers (1)
  1. 15 July, 05:10
    0
    Answer:One reason so few markets are perfectly competitive is that minimum efficient scales are so high that eventually the market can support only a few sellers.

    Explanation:Although the contestable market model suggests that this factor alone does not preclude aggressive price competition between sellers, in most cases there is not really free entry for new firms.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why are there actually relatively few markets in which there is perfect compeition ...” in 📙 Social Studies 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