contestada

"Economists use the term imperfect competition to describe all industries that:
produce standardized products.
those markets that are not purely competitive.
any industry in which there is no nonprice competition.
a pure monopoly only."

Respuesta :

Answer:

those markets that are not purely competitive.those markets that are not purely competitive.

Explanation:

"Economists use the term imperfect competition to describe all industries that are not purely competitive. Economists use all these types of industries as imperfect competitive industries because of the following reasons:-

1. Every company sells different products on the market.

2. Every company set their own individual prices,

3. The companies often protected by barriers to entry and exit etc.

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