alesaavedrauas9314 alesaavedrauas9314

13-04-2022
Business

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Which idea is inconsistent with perfect competition?.

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ewomazinoade ewomazinoade

19-04-2022

The idea that is not consistent with perfect competition is product differentiation.

What is a perfect competition?

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. This, they are price takers. There are no barriers to entry or exit of firms into the industry.

Here are the opti0ns to this question:

product differentiation

freedom of entry or exit for firms

a large number of buyers and sellers

price-taking behavior

To learn more about perfect competition, please check: https://brainly.com/question/17110476s

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