APPLIED ECON_LESSON 6
Authored by alex magdales
Other
12th Grade
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1.
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1 min • 1 pt
VERY LARGE NUMBER of independent seller/small sellers
2.
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1 min • 1 pt
VERY LARGE NUMBER of independent seller/small sellers
3.
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1 min • 1 pt
Products are HOMOGENOUS OR EXACTLY ALIKE
4.
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1 min • 1 pt
Buyers and sellers are PRICE TAKERS
5.
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1 min • 1 pt
The demand curve for Pure Competition is
6.
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1 min • 1 pt
There is FREEDOM of entry or exit from industry
7.
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1 min • 1 pt
Example of products are AGRICULTURAL PRODUCTS
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