QuestionMay 22, 2025

In pure competition producers compete exclusively on the basis of selling identical items. advertising heavily to promote their good. producing the unique features of their good. focusing on maintaining a positive image.

In pure competition producers compete exclusively on the basis of selling identical items. advertising heavily to promote their good. producing the unique features of their good. focusing on maintaining a positive image.
In pure competition producers compete exclusively on the basis of
selling identical items.
advertising heavily to promote their good.
producing the unique features of their good.
focusing on maintaining a positive image.

Solution
4.7(173 votes)

Answer

Selling identical items. Explanation 1. Identify the basis of competition in pure competition In pure competition, producers compete by selling identical items. This market structure involves many sellers offering homogeneous products, where price is the primary competitive factor.

Explanation

1. Identify the basis of competition in pure competition<br /> In pure competition, producers compete by selling identical items. This market structure involves many sellers offering homogeneous products, where price is the primary competitive factor.
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