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Pure competition is a market situation in which there are a large number of independent buyers and sellers of standardized products, and no single buyer or seller has control over the market price.
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Any business operating in a market that exhibits characteristics of pure competition may be required to report on market forms.
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To fill out forms related to pure competition, businesses need to provide details about their pricing strategies, market share, competitive landscape, and barriers to entry.
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The purpose of reporting on market forms like pure competition is to assess the level of competition in a market and identify any potential anticompetitive behavior or market power.
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Businesses may need to report data on market structure, pricing strategies, market share, product differentiation, entry barriers, and other relevant market characteristics.
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