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Read this article about perfect competition. Do you think any of these assumptions could reasonable describe a perfectly competitve market? Why or why not? Can
Read this article about perfect competition. Do you think any of these assumptions could reasonable describe a perfectly competitve market? Why or why not? Can you think of examples from your life of goods that you purchase in perfectly competitive markets? Why do textbooks include perfect competition if there are so few examples in the real world?
https://whistlinginthewind.org/2012/08/23/there-is-almost-no-such-thing-as-perfect-competition/
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