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suter [353]
3 years ago
9

Perfect competition is characterized by

Social Studies
1 answer:
LUCKY_DIMON [66]3 years ago
4 0
Perfect competition is a market structure where many companies or firms offer a homogeneous products. The freedom of entry and exit and perfect information makes the firm makes a normal profit, prices are kept low by the competitive pressure. It is characterized by the following Many Firms, Freedom of entry and exit of product, identical products, price curves, and perfect information 
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A scope creep is the expansion of a project beyond the original goals and objectives, so when listing exclusions in the in the project plan it would help reduce it potential.

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