Question
Identify anitem from a perfectly competitive firm that you have consumed in the last month. Describe why this product is in a perfectly competitive market.
Identify anitem from a perfectly competitive firm that you have consumed in the last month.
- Describe why this product is in a perfectly competitive market.
- Analyze your example discussing the market characteristics of a perfectly competitive firm.
- Explain why perfectly competitive firms struggle to raise prices and advertise compared to their competitors.
*I would like to use the example of laundry detergent or something similar*
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
