What is the Difference Between Pure Competition and perfect Competition?

1 answer

Answer

1039313

2026-06-07 03:16

+ Follow

In imperfect competition the producer is the price maker whereas in perfect the producer is the price taker. In imperfect no new competitors enter the industries hence super normal profits will continue to be realised, unlike in perfect comp

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.