Write a response to the following question. Is the perfectly competitive model a good benchmark for an
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"Is the perfectly competitive model a good benchmark for an economic system which uses a Biblical worldview?
Use Scriptural support where appropriate and also comment on the perfectly competitive model as a guide for public policy. What should be the role of government in the industries characterized by conditions similar to perfect competition?
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Yes I think that the perfectly competitive model is an excellent benchmark for an economic system integrating biblical worldview The features and characteristics of the perfectly competitive model are ...View the full answer
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