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Question 1) Do you think that gelatin dessert/Jello is perfectly competitive? 2) Use the characteristics of perfectly competitive firms to support your response. Hints: Think

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1) Do you think that gelatin dessert/Jello is perfectly competitive?

2) Use the characteristics of perfectly competitive firms to support your response.

Hints:

Think about the product and the number of sellers, if the product is standardized (identical), and barriers to entry to explain your answer. You can also include pricing and output reasons for your response.

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