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Discussion Question: This week's lesson covered firms in a price taker market, otherwise known as perfect competition. Please provide one real world specific example of
Discussion Question: This week's lesson covered firms in a price taker market, otherwise known as "perfect competition." Please provide one real world specific example of a firm in a price taker market and explain why it meets the four conditions of a price taker, i.e.: 1) homogeneous product, 2) large number of firms in the market, 3) each firm makes up a small percentage of the total market, and 4) low barriers to entry or exit. Be as specific as possible by listing the exact name of the company being considered.
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