What Best Describes a Competitive Market
Competitive Market a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker In competitive market action of any single buyer or. This problem has been solved. The Features Of A Monopolistically Competitive Market De Tour Competition Kodak A competitive market is an open fair and liquid market for assets securities goods or labor. . Perfect competition is a type of market where there are huge number of buyers and sellers who deals in the same type of product due to which no individual unit is able to influence the price of the product. The first feature is that a competitive market consists of a large number of buyers and sellers that are small relative to the size of the overall market. Output levels will be where MCMR. This describes the market opportunities that are more relevant to a. As a result the industry as a whole produces the socially optimal level of output
