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Please answer the questions. Please Quote references to substantiate your answers, and so that I may see for further information. Perfect Competition is a model
Please answer the questions. Please Quote references to substantiate your answers, and so that I may see for further information.
- Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
- One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid criticism? Discuss with appropriate examples.
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