Characteristics of perfect competition in with supporting

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One of the most fundamental types of market structure - perfect competition. Consider the following industries and discuss which industries could suit best into the category of perfect competition. When you evaluate each industry, assess whether each industry fits into the category of perfect competition, by satisfying three underlying characteristics of perfect competition in the with supporting details. (1) many buyers and sellers, (2) identical (homogeneous) products, and (3) easy market entry and exit.

Reference no: EM132473156

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