A benefit of a purely competitive market is

Economics
Tutor: None Selected Time limit: 1 Day

A benefit of a purely competitive market is

equal product information for buyers and sellers

government sets the product prices to be competitive

sellers may set their own prices sellers use advertising to attract buyers

May 5th, 2015

One of the main benefits of a purely competitive market is equal product information for buyers and sellers. A purely competitive market has three essential qualities, supplier are price takers, no government interference, and many firms supplying homogenous products.

May 5th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 5th, 2015
...
May 5th, 2015
May 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer