Which of the following is NOT a condition of perfect competition? Products produced by rival companies are
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following is NOT a condition of perfect competition?
- Products produced by rival companies are perfect substitutes
- Any individual company cannot affect the market supply
- Unrestricted entry and exit
- Industry sales are small
- Each company has complete knowledge about production and prices
Related Book For
Posted Date: