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1A. Suppose we've achieved a perfectly competitive equilibrium. What does it look like? What is good about it? 1B. What can be wrong about a
1A. Suppose we've achieved a perfectly competitive equilibrium. What does it look like? What is good about it? 1B. What can be wrong about a perfectly competitive equilibrium? What assumptions seem unrealistic? What concerns are not addressed by the model? 1C. Condense your main points into a single message. Explain what a perfectly competitive economy is, the beneficial results, the negative aspects
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