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aniked [119]
3 years ago
6

Which of these is a characteristic of pure competition?

Social Studies
1 answer:
Svetradugi [14.3K]3 years ago
7 0

The correct answer is letter C.

Explanation:  Perfect competition is an ideal market situation where there are a lot of sellers and a lot of buyers. This scenario would favor a natural equilibrium in prices through the relationship between supply and demand.

Also called pure competition, perfect competition is a concept that is not true in the real world, and is more of a theoretical model than a practical one.

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AveGali [126]

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