econ

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Dorothy L

 

Date added:

October 11, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 338

 

Was viewed:

4426 times

 

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Essay content:

? Definition- Market structure in which a very large number of firms sell a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition, and there are a large number of buyers and sellers. ? Characteristics- Large number of buyers and sellers, perfectly elastic, homogeneous products, to efficient, has allocative efficiency...
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? Definition- Market structure in which a very large number of firms sell a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition, and there are a large number of buyers and sellers. ? Characteristics- Large number of buyers and sellers, perfectly elastic, homogeneous products, to efficient, has allocative efficiency...
displayed 300 characters

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