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aev [14]
3 years ago
10

List and describe the characteristics of a perfectly competitive market.

Mathematics
1 answer:
stepladder [879]3 years ago
3 0
The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.
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Although the account will contain $600, it will have EARNED $100 of interest since it started with $500 already.

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Answer:

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Hope this helps!

Step-by-step explanation:

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