Under perfect competition, firms do not engage in price-war because ———

Question:Under perfect competition, firms do not engage in price-war because ———

1.firms work in co-operation with one another under the same.

2.number of firms under the same is very large

3.the demand for the product of a firm under the same is perfectly elastic

4. all the above-mentioned conditions are responsible


Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!