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Goods & Perfect Competition What are the conditions for a perfectly competitive market? What are some real-life examples of perfectly competitive markets? What are economic
Goods & Perfect Competition
- What are the conditions for a perfectly competitive market?
- What are some real-life examples of perfectly competitive markets?
- What are economic profit-maximizing strategies that may be made by a perfectly competitive firm?
- Identify a good that you regularly purchase and you feel is in perfect competition - how do the characteristics of the goods and the market structure it operates in affect the firm's ability to change the price?
- How has online retailing affected markets for productshave they become more or less competitive as a result? Explain!
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