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Real-world markets are not perfectly competitive because of issues that are not taken into account like new technology, discrimination, poor information for both buyers and
Real-world markets are not perfectly competitive because of issues that are not taken into account like new technology, discrimination, poor information for both buyers and seller, and pollution from production. While issues are inherently bad, they create a need for solutions, which creates market opportunity, spurring economic growth. It is well known that gasoline vehicles create pollution from burning fossil fuels, the answer has been innovation in electric and hydrogen vehicles giving more options to consumer creating more competition and expanding markets
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