The high degree of competition in t

The high degree of competition in this market helps resources to be allocated to the most efficient user.No firm in the market can make abnormal profit in the long run.Degree of competition and restriction in price settings will make the firms in this market to operate at maximum efficiency.A perfectly competitive market will benefit the consumers in term of pricing, quality and after sales services.

The high degree of competition in this market helps resources to be allocated to the most efficient user.
No firm in the. Market can make abnormal profit in the long run.
Degree of competition and restriction in price settings will make the firms. In this market to operate at maximum efficiency.
A perfectly competitive market will benefit the consumers in term, of pricingQuality and after sales services.