jkelle5934 jkelle5934
  • 01-12-2020
  • Business
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How is a market share related to pure competition?

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KingAmazing55 KingAmazing55
  • 01-12-2020

Answer:

Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.

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