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First, write down the basic assumptions of perfect competition. Then pick an industry that you feel is an accurate real-world example of a perfectly competitive
- First, write down the basic assumptions of perfect competition.
- Then pick an industry that you feel is an accurate real-world example of a perfectly competitive market.
- Analyze this industry using the basic assumptions for perfect competition and provide the argumentation explaining your choice of the industry and your opinion why this industry is the example of a perfectly competitive market.
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
