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List the Characteristics of a Perfectly Competitive Market

question 15

Essay

List the characteristics of a perfectly competitive market.


Definitions:

Social Isolation

A state where an individual lacks a sense of social belonging, social engagement, and fulfilling relationships, often leading to negative mental health outcomes.

Social Networking

The use of dedicated websites and applications to interact with other users or to find people with similar interests to oneself.

Contract

A legally binding agreement between two or more parties with specific terms and conditions.

Limits

Boundaries or constraints that define the scope, extent, or nature of something, often established to regulate behaviors or processes.

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