(A) Explain relevant theory

(B) Link relevant theory with the facts of the case.

(C) Add perspective to he analysis.

A. Explain relevant theory Identify all the characteristics of perfect competition and explain how each of them contribute to the market being "perfect". Use diagrams to illustrate your answer. This section of your answer only explains relevant theory. Make sure you understand and explain these concepts correctly. B. Link relevant theory with the facts of the case Do some research on A alsmeer Flower Auction and examine how close this real-life situation is to the theoretical model of perfect competition. You can use the internet to understand the operations of A alsmeer flower auction C. Add your own perspective to the analysis According to the article, over one third of all the flowers sold in the world pass through A alsmeer. That certainly should give them substantial power in cut-flower market. Do you think A alsmeer operations are closer to a monopoly rather than perfect competition? Use features of a monopoly market to support your viewpoint. This is your own opinion based on your analysis of relevant theory and the facts of the situationThe Aalsmeer flower market is almost perfectly competitive. The world's largest flower auction takes place in Aalsmeer, a small town in the Netherlands. Each week, producers sell over 100 million flowers there. In fact, over one-third of all the flowers sold in the world pass through Aalsmeer. Because the Aalsmeer market serves thousands of buyers and sellers, it is one of the best examples of a competitive market you will ever find. The supply comes from approximately 6,000 growers worldwide. More than 2,000 buyers attend the auction to purchase flowers. Aalsmeer uses a method known as a Dutch auction to determine the price for each crate of flowers sold. Most people think of an auction as a situation in which two or more individuals try to outbid each other. However, in Aalsmeer that process is reversed. As each crate of flowers goes on sale, the price on a huge board starts at 100 euros and then goes down until the lot is sold. This special kind of auction was invented here, and it is a very efficient way of getting the highest price out of the buyer who wants the lot the most