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The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
Perfectly competitive firms are price takers. This means that they can sell as much or as little as they want, but only at the going market price. When this happens, the market price is the same as their marginal revenue. Thus, P=MC is the same as P=MR.
Perfectly competitive firms would not advertise as advertising would serve no purpose. A market that is perfectly competitive exists only in theory.
Japanese firms are competitive because they want to make a profit. They typically do this by expanding outside of Japan.
None
Be price takers.
The product market is the market in which firms sell their output of goods and services.
What important charactertistic do all three types of imperfectly competitive firms share?
No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.
many firms selling products that are similar, but not identical.
without economies of scale
Yes.