Difference between pure competition and perfect competition?



Answer:
i dont exactly remember but i can guide you. by that way you may know it.
check you the assumptions of perfect competition. they are almost 5. When the first three are fulfiled thats a pure competition, to make it perfect the other two assumptions follows. good luck
Not a great deal, see http://william-king.www.drexel.edu/top/p...
Competition is good in certain situations. In other situations it is not good.
Some things should be yours, unquestionably. You shouldn't have to compete for them or fight for them.
For example, in the Bible,
in the Book of the Prophet Hosea,
"She did not know that I gave her corn, and wine, and oil, and multiplied her silver and gold, which she prepared for another.
Therefore will I return, and take away my corn in the time of corn; and my wine in the season of wine; and will recover my wool and my flax which was given to cover her nakedness.
And I will discover her lewdness in the sight of her lovers; and none shall deliver her out of my hand."

The answers post by the user, for information only, FunQA.com does not guarantee the right.



More Questions and Answers:
  • Where can i find advice on how to analyse an economic articles?
  • Suppose you manage a company.?
  • United states money?
  • Consumer Optimum?
  • How does the answer depend on the model of trade?
  • What would happen if every unemployed person in the nation all at once stopped looking for work for one month?
  • Economic Question. . . .?
  • Do you think it would be better if everything in this world was free?
  • If the United States immediately solved the addition to oil problem would it ruin the economy?