If the conditions for perfect competition are generally not met, why do economists use the model?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:01 AM

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If the conditions for perfect competition are generally not met, why do economists use the model?

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Introduction to Perfect Competition Model Perfect competition is a theoretical market structure that serves as a benchmark for evaluating realworld ma...View the full answer

Microeconomics

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