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Assignment on perfect competition

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Perfect Competition

Each business/firm (from the hot dog stand to complex organizations such as Apple and GM) operates under a given market structures. This structure determines how the business makes decision. One such structure is the Perfectly Competitive market.After completing the assigned readings, please share with us your understanding of this specific market structures. What are the basic assumptions and what is the importance of each in ensuring competitiveness in the market. Provide examples of industries which exhibit these behaviours.

Reference no: EM133134410

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