Perfect competition These include
Howeverits disadvantages are: It usually occurs only in theory and does not accurately define economic realities; Lack of innovation – companies' offers are almost identical, so there is no room for improvement and development; No differentiated offers; The profitability threshold of enterprises does not exceed 0 there are too many competitors on the market , which means lower profits; It is impossible to scale a business, i.e. maximize the benefits of running a busines.High competitioncustomers have many choices. Examples of perfect competition There are several industries on the market that are close to the described model of Agricultural market In some countries, agricultural phone number list products are similar to each other, e.g. wheat, rye, barley, soybeans. Starting such a business is quite easy - it requires purchasing land and starting cultivation assuming that we have knowledge in this area.
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Product prices are comparable and are influenced mainly by factors beyond farmers' control - weather conditions, import and export, crop volume, demand. Fakes Reproductions of other companies' products are similar in price, appearance and functional features. They are relatively simple and cheap to produce, and at the same time have many substitutes. Currency markets The values of each currency depend on external factors, access to information on the stock.
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