AQA Economics AS - Competitive Markets

AQA economics AS level.

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Last updated: November 25, 2016

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First submitted	November 22, 2016
Times taken	46
Average score	28.6%
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What are the seven characteristics of perfectly competitive markets?

Large number of buyers and sellers

Homogenous products

Uniform price

No barriers to entry or exit

Perfect knowledge

Perfect mobility of factors of production

Absence of transport costs

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