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Briefly describe some of the key characteristics of a perfectly competitive market.Explain the impact of the number of firms and the type of product that is produced.Also comment on what effect (if any)advertising has on a competitive market.
Electricity
A form of energy resulting from the existence of charged particles such as electrons or protons, characterized by its ability to perform work, such as powering electrical devices.
BTUs
Stands for British Thermal Units, a unit of measure used to describe the heat value of fuels or energy sources.
Goods And Services
Tangible products and intangible activities provided to satisfy the wants and needs of consumers.
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