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Q4. Perfect competition is considered a better choice for consumers because they get quality products on cheaper prices. Compare other market structures with perfect

Q4. Perfect competition is considered a better choice for consumers because they get quality products on cheaper prices. Compare other market structures with perfect competition? Similarities and difference? Why imperfect competition is necessarily a bad choice for consumers. Explain with special reference to Monopoly market structure?

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Perfect Competition 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 ... blur-text-image

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