Explain the significance of each assumption in terms of creating perfect competition.
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Explain the significance of each assumption in terms of creating “perfect competition.”
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Perfect competition is an idealized market structure in which there are many buyers and sellers all of whom sell identical products and have perfect i...View the full answer
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Related Book For 
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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