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Explain the implications of freedom of …

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Explain the implications of freedom of entry and exit of the firms under perfect competions.

    • Posted by Tushar Sharma 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Chahat Aggarwal 7 years, 2 months ago

    In perfect competition, they are price taker not price maker n there is free entry n exist, have Perfect market knowledge..goods are homogeneous goods, there are large no. Of buyer n seller

    1Thank You

    Samira . 7 years, 2 months ago

    In perfect competition firms have full freedom to enter and exit from the market , also in this type of market consumers and producers have full knowledge of market and price determination .

    1Thank You

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