Strictly speaking, pure competition has never existed and probably never will. Then why study it?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:45 AM

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Strictly speaking, pure competition has never existed and probably never will. Then why study it?

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It can be shown that pure competition results in l...View the full answer

Economics

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