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Vlada [557]
3 years ago
5

In a perfect competition, companies set output and prices where marginal revenue equals . Perfect competition benefits consumers

because prices will be than in other market structures.
Business
2 answers:
prohojiy [21]3 years ago
7 0

Market equilibrium means that companies set prices where marginal revenue equals marginal cost.

Perfect competition would lead to lower prices than any other market type.

frutty [35]3 years ago
4 0

Answer:

1. marginal cost  2.  lower

Explanation:

In a perfect competition, there are many buyers and sellers. When there are large numbers of buyers and sellers, no single buyer or seller has significant control of the market.

In a perfect competition, there are no barriers to entry. In a perfectly competitive market, there would be nothing to obstruct a business from entering any given market.

RASEL

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