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Find a real-life example of a market that comes close to operating like a perfect market. Discuss the characteristics this market structure has that makes
- Find a real-life example of a market that comes close to operating like a "perfect market". Discuss the characteristics this market structure has that makes it operate like a "perfectly" competitive market.
- Why does a perfectly competitive firm sell at the Market Equilibrium Price? Discuss with examples.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
