Classified in Economy

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Barriers: exit: when a company intends to leave the market or with all the investments not recovering part of it. Entry: any pottential difficulty a firm might face if they want to enter a market (Price war). Perfect competition: it shows the conditions needed to achieve some really useful outcomes. Characteristics: there are no companies with perfect competition… , infinite number of suppliers and consumers (suppliers small to have market power), consumers/suppliers have perfect information, products are identical, no barriers to entry or exit. 

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