PERFECT COMPETITION

PERFECT COMPETITION :-

Perfect competition arises where number of sellers or large number of sellers are exist where they can decrease the price to compete with competers and also to increase  the sells.

Exit and Entry in this market is unrestricted that's  why it is HOMOGENEOUS in nature.

In the perfect where price play vital role, here price is the main factor where P=MC where we can experience the Normal profit where supernormal profit doesn't exist..

Example :-
roadside hawker who sell clothes  or small industry like candles,matchbox producers, pooja items are the example of perfect competition.