Alpha Industries operates in a reasonably competitive market. While there are few other firms in the industry due to the high fixed costs of building plants, rival firms are very aggressive in their pricing strategies and attempt to gain market share by charging lower prices than their competitors. Of the products sold in this industry, over 80 percent have 10 years of patent protection remaining. Does this industry meet an economist's definition of a perfectly competitive industry (does this industry satisfy all the assumptions of perfect competition)? Please give an explanation.