What is Perfect Competition Market?
Perfect Competition Market also known as perfect competition, Perfect Competition market where many firms sell Identical product & price taker.
Perfect Market is a Situation where there are large numbers of Sellers & Buyers Dealing in Homogeneous Product Price by the Market.
Features of Perfect Competition Market:-
- No Entry limit and Exit in the market.
- Selling a Homogenneous products.
- No Price Control in Market.
- Large numbers of Buyers and Sellers in Market.
- Sellers and Buyers have perfect knowledge of the market.
Examples of Perfect Competition Market:-
- Crop Farming:- Agricultural Products like Food Grains, fruits and vegtables.
- Dairy Milk Industry
- Super Market
- Bakery Market