A benefit of a purely competitive market is

Economics
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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

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