Examlex
B is a catalyst in the following mechanism:
Highly Competitive
A market structure characterized by a large number of small firms, free entry and exit, and a high level of competition where no single firm can significantly influence market prices.
Simple Indicator
A quantitative measure that can be used to gauge or describe the performance or status of a particular phenomenon.
Sellers
Individuals or entities that offer goods or services for sale to buyers in the market.
Perfect Competition
A market structure characterized by a large number of small firms, identical products, and free entry and exit which leads to firms selling at the market price.
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