Develop an understanding of the market structure

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Develop an understanding of the market structure known as perfect competition. Write a 3-4 page paper in which you describe the market structure of perfect competition in terms of number of producers, control over price by firms in this market, type of product in terms of differentiation, barriers to entry into this market, and whether economic profit can be made in the short or long-run.

Reference no: EM131110102

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