Discuss the perfect competition model?

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

PS
Answered by Perdita S. Economics tutor

1710 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How can we use price elasticity of demand to determine the incidence of a tax on a good?


Explain how a public good is different to a private good.


Explain one economies of scale that a firm may enjoy when it expands its production scale.


Describe the impact of a close competitor lowering the price for their good has on the price and output of a firm, use a demand-supply diagram to help explain your answer.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning