If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about:_______

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25-07-2022
Social Studies

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If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about:_______

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pragyavermav1 pragyavermav1 · Answer 1 · 2022-08-04T12:38:14+02:00

If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about the extent of competition.

A perfectly competitive firm is known as a fee taker because the pressure of competing firms forces them to simply accept the prevailing equilibrium rate inside the marketplace. If a company in a superbly competitive market increases the price of its product by a lot as a penny, it'll lose all of its sales to the competition.

The perfectly competitive is a theoretical market shape wherein there are numerous shoppers and sellers, the same products (also known as homogeneous merchandise), perfect facts, and no limitations to entry.

The best opposition is a financial time period that refers to a theoretical market structure in which all suppliers are identical and standard supply and call for is in equilibrium. for example, if there are several companies generating a commodity and no man or woman firm has an aggressive advantage, there may be the best opposition.

Learn more about the perfectly competitive here: https://brainly.com/question/4190313

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