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There is no perfect example for perfectly competitive markets. However, we can find a few approximations. Please first review the main characteristics of perfectly competitive
There is no perfect example for perfectly competitive markets. However, we can find a few approximations.
- Please first review the main characteristics of perfectly competitive markets.
- Then give an example for a perfectly competitive firm. Explain how this firm meets each characteristic in these markets.
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Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
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