Perfect Competition 완전경쟁시장

in cfa •  2 years ago 

Market in which many firms produce identical products, barriers to entry into the market are very low, and firms compete for scales only on the basis of price

Firms face perfectly elastic (horizontal) demand curves

Firms are price taker = no market power or pricing power

cfa econ perfect competition market perfectly elastic pricetaker
2 years ago by

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      ·  2 years ago 

    Upvoted! Thank you for supporting witness @jswit.

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        ·  2 years ago 

      You've got a free upvote from witness fuli.
      Peace & Love!

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