Competitive markets....

User Generated

gq4422

Economics

Description

How do market prices differ between perfectly and imperfectly competitive markets? Provide examples

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Explanation & Answer

We can say that perfectly and imperfectly competitive markets differ to each other with their different conditions. Main difference is competitive conditions are less intense than imperfect competitions. Also perfectly competitive market is more healthier than imperfectly because in perfectly markets, buyers have more options to select from.

Please check here more - http://www.differencebetween.com/difference-between-perfect-and-vs-imperfect-competition/




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