"Because firms in this type of market structure have no market power, they are price-takers and cannot affect the market price for their goods." What market structure …

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asked May 18, 2020 186k views

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Katzenhut · Answer 1 · 2020-05-22T14:51:21+0000

Answer:

Perfect Market

Step-by-step explanation:

Perfect market is a type of market in which a large number of small firms compete against each other therefore a single firm in a perfect market does not have any significant market power over the market price...

"Because firms in this type of market structure have no market power, they are price-takers and cannot affect the market price for their goods." What market structure …

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