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Perfect Competition
SUBJECT : Managerial Economics
AUTHOR : KSOU
PUBLISHED ON : 15/03/14
NUMBER OF PAGES : ( 15 Pages)
PRICE : Rs 11.25

The perfect competition is defined as the form of market organization in which (1) there are many buyers and sellers of a product, each too small to affect the price of the product; (2) the product is homogeneous; (3) there is perfect mobility of resources: and (4) economic agents have perfect knowledge of market conditions.


 
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