What is the pricing under perfect competition

Pricing under perfect competition

the general science market is a particular place or locality in which goods and services are both and Soul however in economic the term market has been spider meaning in economic market maybe define as an arrangement of establishing effective relationship between wire and seller of the commodities so that they can carry out the transaction...

main feature of the market commodity

the commodity is the soul of the market there cannot be a market without commodity theory market must have commodity to be bought and Soul while and sailor are the two essential components of the market without themselves purchase activity cannot be include area the must be and area where buyer and sailor of the commodity must reside market may be local national or even International...

perfect competition

it is a market situation where there are larger number of wire and seller homogenuos product their is one price which is determined by industry prevails in the market all the firm tell the product at the premium price perfect competition prevails when the demand for the output of each producer is perfectly elastic