What is pure competition in marketing sales?
Submitted by: MurtazaIn pure competition the number of buyers and sellers is very large. There is a perfect competition among them. Price is determined for the entire industry by the forces of demand and supply. All firms have to sell their product at that price. No firm can influence price by a single action. Thus every firm is a price taker and a quality adjuster.
Submitted by: Murtaza
Submitted by: Murtaza
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