Why study the theory of perfect competition if no real-world market completely satisfies all of the theorys

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Why study the theory of perfect competition if no real-world market completely satisfies all of the theory’s assumptions?

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Microeconomics

ISBN: 9780538452861

10th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 01, 2024 05:00 AM

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Why study the theory of perfect competition if no real-world market completely satisfies all of the theorys assumptions?
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Why study the theory of perfect competition if no real-world market completely satisfies all of the theorys

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Microeconomics

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