October 12, 2018

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THE THEORY OF THE FIRM UNDER PERFECT COMPETITION

THE THEORY OF THE FIRM UNDER PERFECT COMPETITION

THE THEORY OF THE FIRM UNDER PERFECT COMPETITION

Perfect Competition is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.

 

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