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Perfect Competition Ppt

Perfect Competition Ppt

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Published by Himanshi Tiwari

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Published by: Himanshi Tiwari on Mar 29, 2011
Copyright:Attribution Non-commercial


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Perfect Competition
Basic Structure of the Market
Numerous buyers and sellers.
No control over price by any singleseller
Free entry and exit
Homogenous product are sold
No government intervention
Stock Market where numerous sharesof different companies are bought andsold. No single buyer or seller caninfluence the price of a share.
Unskilled labour market- The price oflabourer is fixed at very low level. Noone can influence the price of one unitof labour.

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