A perfectly competitive firm is described as a market with ______

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17-04-2017
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A perfectly competitive firm is described as a market with ______

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MissPhiladelphia MissPhiladelphia · Answer 1 · 2017-04-28T11:18:06+02:00

MissPhiladelphia MissPhiladelphia

28-04-2017

It describes a market with plenty of buyers and firms, identical products, price takers towards firms and consumers, and no set of barriers for new firms. The prices are established through the communication of the market's supply and demand.

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