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econ
Essay specific features
Written by:
Dorothy L
Date added:
October 11, 2013
Level:
University
Grade:
A
No of pages / words:
2 / 338
Was viewed:
4477 times
Rating of current essay:
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...
displayed 300 characters
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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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