Question
How would you answer this question? The purely or perfectly competitive firm does not exist in the real world anymore having disappeared in the USA
How would you answer this question?
The purely or perfectly competitive firm does not exist in the real world anymore having disappeared in the USA by the early 1930's at the latest. The question is: why do you think we model it in almost every textbook in Economics?What's your takeaway?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
