What is Perfect Competition ? Meaning ↓
Perfect Competition is a market structure where there is a perfect degree of competition and single price prevails.
The concept of Perfect Competition was introduced by Dr. Alfred Marshall.
Image Credits © Welker's Wikinomics.
Nothing is 100% perfect in this world. So, this states that perfect competition is only a theoretical possibility and it does not
Monday, 8 November 2010
Perfect Competition - Meaning, and Main Features In Economics
Posted on 10:22 by Unknown
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