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Characteristics of perfectly competitive markets

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Assignment:

You are given examples of 3 industries

  1. Online trading e.g. eBay, Amazon
  2. Grocery stores e.g. Safeway, Giant etc
  3. Fast food restaurants e.g. Macdonalds, BurgerKing etc
  4. Gasoline retailers e.g. Sunoco, Exxon etc

Pick one of the industries above and based on the characteristics of perfectly competitive markets, explain whether the industry you have picked is an example OR is not an example of a perfectly competitive market.

Reference no: EM133231629

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