In its purest form, consumers in a perfectly competitive market will act as if they only care about the price of a good when deciding who to buy from. this is because many buyers and sellers.
In financial theory, best opposition takes place whilst all corporations promote equal products, marketplace proportion does now no longer have an effect on charge, corporations are capable of input or go out without barriers, customers have best or complete information, and corporations cannot decide prices.
A flawlessly aggressive organization is referred to as a charge taker, because the strain of competing companies forces them to just accept the triumphing equilibrium charge withinside the marketplace.
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