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Provide your perspective on the following: What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers?

Provide your perspective on the following:

What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers? Explain.
How "perfectly" competitive do you think are the following markets: (1) stock market, (2) bond market, (3) foreign exchange market, (4) world sugar market, and (5) world oil market? Explain.

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