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Focusing on the concept of the perfectly competitive market structure, respond to the following: First, write down the basic assumptions of perfect competition. Then pick
Focusing on the concept of the perfectly competitive market structure, respond to the following:
- 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.
Any other markets aside from agricultural?
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