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Implications of large no of buyera …

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Implications of large no of buyera and sellers in perfect competition

Posted by Nitasha Chawla 7 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Kanika Mastana 7 years, 4 months ago

Shivangi nice to see u back .happy to get ur answers again?

Shivangi Goel 7 years, 4 months ago

1 Market prices are given to a firm. A firm can sell any amount of comodity at the given prices . It can't be influence market price... 2 Firm's demand curve is horizontal straight line ... 3 Elasticity of demand for the firm is perfecly elastic... 4 Firm is a price taker not a price maker......( these are the implications of large no of buyers and sellers in perfect com)..

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