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In perfect competition models, prices are set by auctioneers. The auctioneers have turned out to be exchanges and platforms that bring buyers and sellers together.
- In perfect competition models, prices are set by "auctioneers". The auctioneers have turned out to be exchanges and platforms that bring buyers and sellers together. Why are there few "auctioneers" in each industry?
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Foundations of Business
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
6th edition
1337386928, 9781337670975 , 978-1337386920
