In perfect competition according to theory all suppliers or, Ask an Expert

Economics

In perfect competition, according to theory, all suppliers or consumers are price takers. In practice firms like Purdue farms or jimmy dean bring a higher price than other brands. why doesn't economic theory apply to these organizaton? How are these organizations and others like them to demand, and receive a price higher than the equilibrium price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91994667

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