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Posted on Jul 05, 2024

The maket structure of perfect competition has alot of ideal qualities hence the name perfect. For example, perfectly competition firms are productively efficient and perfectly

The maket structure of perfect competition has alot of ideal qualities hence the name perfect. For example, perfectly competition firms are productively efficient and perfectly competitive markets. It is however, difficult to find many examples of perfect competition in the real world. Perfect competition is really a benchmark against which we compare other markets structures in the real world.

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