Respuesta :

In a perfect competition market, the products are assumed to be identical in the minds of the consumers.

What do you mean by a perfectly competitive market?

Perfect competition can be defined as the perfect form of marketplace structure wherein all manufacturers and purchasers have complete and symmetric statistics and no transaction costs.

There are a big variety of manufacturers and purchasers competing with each other in this type of environment.

Thus, In a perfect competition market, the products are assumed to be identical in the minds of the consumers.

Learn more about perfect competition market:

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