![]() Let us learn more about the classification of markets. Concepts of Total Revenue Average Revenue and Marginal Revenue.This is only possible in the existence of perfect competition.īrowse more Topics under Meaning And Types Of Markets At any given time only one price can be prevalent in the market for the goods and services.There should be an awareness of the demand for products, consumer choices, and preferences, fashion trends, etc. Both the sellers and buyers must have access to knowledge about the market.And the relations between these sellers and buyers must be business relations. ![]()
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