Perfect competition means that no one buyers or sellers has control over the price of a product and that there are no government restrictions true or false
True. In a perfectly competitive market, no individual buyer or seller has the power to influence the price of a product. The price is determined solely by market forces of supply and demand. Additionally, there are generally no government restrictions or regulations that manipulate the prices in perfect competition.
True. In a perfectly competitive market, no single buyer or seller has control over the price of a product. The price is determined solely by market forces of supply and demand. Similarly, in a perfectly competitive market, there are no government restrictions or regulations that limit entry to or exit from the market.
True. In a perfectly competitive market, no individual buyer or seller has control over the price of a product. The price is solely determined by market forces of supply and demand. Additionally, there are no government restrictions or regulations that influence the market.
