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Fantom [35]
3 years ago
5

A market that has many sellers, has standardized products and is easy to enter and exit is an example of which type of market st

ructure?
Business
2 answers:
Gekata [30.6K]3 years ago
4 0
Uhh I need more info
Gwar [14]3 years ago
4 0

A market that has many sellers, has standardized products and is easy to enter and exit is an example of <u>"Pure (Perfect) Competition"</u> type of market structure.


Pure or perfect competition is a hypothetical market structure in which the accompanying criteria are met: all organizations move an indistinguishable item (the item is a "commodity" or "homogeneous"); all organizations are value takers (they can't impact the market cost of their item); piece of the overall industry has no effect on value; purchasers have finish or "immaculate" data – previously, present and future – about the item being sold and the costs charged by each firm; assets such a work are superbly versatile; and firms can enter or leave the market without expense.  


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