Question
List the characteristics that a market must possess in order for it to be considered perfectly competitive. Discuss how these characteristics impact the firm in
List the characteristics that a market must possess in order for it to be considered perfectly competitive. Discuss how these characteristics impact the firm in a perfectly competitive situation would decide how much to produce and charge. What is the criteria the firm would use to decide how much to produce and charge?
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
