https://padlet.com/nwillms/ut67qvjdu0h9qzzi en-us 2022-11-03 17:48:21 UTC 2024-04-03 18:25:37 UTC hello@padlet.com nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368914021 A perfect competition is a market structure in which there are no barriers for entry and all products made are identical. Like farms]]> 2022-11-03 17:53:58 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368914021 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368916936 In Perfect Competition there are many buyer and sellers. Many produce and many sell crops.]]> 2022-11-03 17:55:40 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368916936 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368921116 There are no barriers for entry into this market so anyone can join this market without much issue.  You could start a farm today and wouldn't be restricted by other farmers.]]> 2022-11-03 17:58:15 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368921116 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368921831 The products made in this market are so similar that they are considered to be the same product sold by a different seller. Most farm crops are the same.]]> 2022-11-03 17:58:39 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2368921831 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375434092 Because the products in our market are considered to be identical we sell at whatever price we can take. If we were to lower our price consumers would just buy other products. If a a farmer tried to sell corm for a high price people would just buy other corn.]]> 2022-11-08 17:44:53 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375434092 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375477342 2022-11-08 18:11:10 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375477342 nwillms https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375492103 2022-11-08 18:21:16 UTC https://padlet.com/nwillms/ut67qvjdu0h9qzzi/wish/2375492103