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Studentka2010 [4]
2 years ago
7

Germaine operates a florist shop in a busy section of town in which there are many competing florists, each selling somewhat uni

que floral arrangements, earning zero economic profits in the long run. Germaine is operating in a(n):
Business
1 answer:
trasher [3.6K]2 years ago
4 0

Germaine is operating in a perfectly competitive market. As there are many competing florists, each selling somewhat unique floral arrangements, earning zero economic profits in the long run.

<h3>What is perfectly competitive market?</h3>

Perfectly competitive market is considered when all the competitors have same items and has no influence on pricing, and companies can enter and exit the market at any moment.

The market without restriction, customers have perfect or complete information, and companies are unable to set prices, according to economic theory.

Thus, the situation is of perfectly competitive market.

For more details about perfectly competitive market, click here

brainly.com/question/26028930

#SPJ1

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