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Course: Introduction to Economics - Perfect Competition a) What are the necessary conditions for a market to be perfectly competitive? Name one type of market
Course: Introduction to Economics - Perfect Competition a) What are the necessary conditions for a market to be perfectly competitive? Name one type of market where competition is NOT perfect and explain which of the above conditions is not met. b) For each of the assumptions of perfect competition, indicate how its non-fulfillment (while assuming that the others are fulfilled) can imply that agents ARE NOT price takers.
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