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Honestly, three firms having a 20 percent market share is pretty significant, and at first, I wouldn't say that it's indicative of perfect competition. But
Honestly, three firms having a 20 percent market share is pretty significant, and at first, I wouldn't say that it's indicative of perfect competition. But after looking at it some more, I suppose that since the rest of the market includes over 1000 other firms, that strengthens my assumption that it is a perfect competition. Therefore, while many firms participate in a perfect competition, some are more popular than others. But just because that firm is more popular than another firm, they still don't control the power when it comes to "prices
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