The belowNew York Timesarticle discusses the fierce competition among Japanese producers of microcars orKeicars.After reading the article post a discussion of the following:

• Considering the pros and cons of competition, is competition a good thing in this industry? Why or why not?
• Based on the textbook, would you say this is really an example of acompetitive industry, as you understand the term? Why or why not?
• Provide an example of a purely competitive industry.Make sure to describe how that industry meets the characteristics of a purely competitive industry.

"Behind Mitsubishi's Faked Data, Fierce Competition"

The latest automaker scandal has focused attention on the company's struggles in the brutally competitive Japanese microcar market.

https://www.nytimes.com/2016/04/22/business/mitsubishi-cheating-fuel-economy-investigation.html?smid=em-share