Well among all of them I think perfect competition is a market which is quite complex, the user is provided with similar types of products, the manufacturers cannot change the price as if the manufacturer changes the price of product A, the demand for product B will increase and vice versa provided the products Aand B are perfect substitute, so the manufacturer has to establish the cost and demand is a well organised manner for which he will need sound entrepreneurs.
Thank you, keep sharing such posts
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The theory is that price will keep falling until cost and all producers will make zero profits. Saying that, we also have to factor opportunity cost into the costs as well.
Market equilibrium is quite difficult to understand, it needs years of practice and experience
In reality, equilibrium is rarely reached because of the constant changes in various independent markets.