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What are the assumptions associated with perfect competition?

      

Discuss the assumptions associated with perfect competition.

  

Answers


Maurice
(i) Mobility of factors of production.

(ii) No government interference.

(iii) Free entry and exit of firms.

(iv) Many buyers and sellers with perfect knowledge of the market.

(v) Homogeneous products.
maurice.mutuku answered the question on July 8, 2017 at 08:09


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