Interest and supply of the market and not individual firms

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Wonderful contest, alludes to a kind of market where there are numerous purchasers and vender that component free obstructions to passage, managing homogeneous items with no separation, where the cost is fixed by the market. Individual firms are cost taker[2] as the cost is set by the business all in all. Model: Agricultural items which have numerous purchasers and venders, selling homogeneous products where the not set in stone by the interest and supply of the market and not individual firms.

Reference no: EM133178329

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