Answers>Economics>A Level>Article

Discuss the perfect competition model?

many buyers and sellershomogenous goodsno barriers to entry and exitperfect knowledge No sunk costsunrealisticno place for monopolies/oligopolies

PS

Related Economics A Level answers

All answers ▸

Explain why monopolies may be an undesirable form of market structure

Jessica F. avatarAnswered by Jessica F.

What is demand and supply in Economics?

Thevinth S. avatarAnswered by Thevinth S.

Comment on whether an increase in the rate of interest would reduce investment.

Henry T. avatarAnswered by Henry T.

What is producer surplus and when might it change?

Olivia D. avatarAnswered by Olivia D.