2. How useful do you think the model of a perfectly competitive market presented in this section...

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2. How useful do you think the model of a perfectly competitive market presented in this section is in explaining economic behavior in the real world? What do you think is the most relevant insight from the model?

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Microeconomics In Context

ISBN: 9781138314566

4th Edition

Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras

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