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Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competition.
1. Coca-Cola and Pepsi
2. Potatoes
3. Private physicians in your local community
4. Government bonds and corporate stocks
5. Taxicabs in Lima, Peru-a city that does not restrict entry or the prices drivers can charge
6. Oats
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