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Perfect competition is a market in which there are​ _____ firms

Perfect competition is a market in which there are​ _____ firms
asked 58.9k views
3 votes
Perfect competition is a market in which there are​ _____ firms

asked
User Spyral
by
7.9k points

1 Answer

1 vote

Answer:

Many.

Step-by-step explanation:

  • All firms sell an identical product.
  • All firms are price takers.
  • Market share has no influence on prices.
  • Resources for such a labor are perfectly mobile.
  • Firms can enter or exit the market without cost.
answered
User Suresh Palemoni
by
7.7k points
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