May 2011
15 posts
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cold-paradise-deactivated201203 asked: Hey. Just figured you might want to know some random facts about pure competition
• Very large number of firms (over 100)
• Identical products
• Easy entry and exit for firms in the market
• No advertising for the individual firm (though sometimes there is collective advertising)
• Best example is agriculture or farm products
• Very large number of firms (over 100)
• Identical products
• Easy entry and exit for firms in the market
• No advertising for the individual firm (though sometimes there is collective advertising)
• Best example is agriculture or farm products
6) I will always be judged for everything I do.
