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    sources; - operational costs are zero; - equilibrium price (determined by
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    Perfect competition is a microeconomic model, to the most common traits of which belong the following: - a large amount of small producers (sellers) of a homogenous product; - a large amount of consumers; - both consumers and producers can not influence the price on their own; - mobility of all resources; - operational costs are zero; - equilibrium price (determined by t
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    which belong the following: - a large amount of small producers (sellers) of a homogenous product; - a large amount of consumers; - both consumers and producers can not influence the price on their own; - mobility of all resources; - operational costs are zero; - equilibrium price (determined by
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    of a homogenous product; - a large amount of consumers; - both consumers and producers can not influence the price on their own; - mobility of all resources; - operational costs are zero; - equilibrium price (determined by
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    nd producers can not influence the price on their own; - mobility of all resources; - operational costs are zero; - equilibrium price (determined by
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    sources; - operational costs are zero; - equilibrium price (determined by the intersection of supply and demand curves); - lack of barriers to enter or exit from the market.

    Under conditions of perfect competition the price is equal to marginal revenue and, in its turn, marginal revenue is equal to marginal costs. When a company loses money, then it is time to de

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