Define a Perfectly Competitive Market, and List the Six Conditions

question 8

Essay

Define a perfectly competitive market, and list the six conditions necessary for a market to be perfectly competitive.

---

Definitions:

Social Networking

The use of internet-based platforms and applications to build and maintain social connections, sharing interests, activities, backgrounds, or real-life connections.

Guerrilla Marketing

An advertising strategy that focuses on low-cost unconventional marketing tactics that yield maximum results, often involving surprise or creative engagement.

Guerrilla Marketing

An advertising strategy that uses unconventional, low-cost tactics to create engaging and unexpected encounters with the brand, targeting consumers in unexpected places.

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, particularly emissions of greenhouse gases.