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Examples are few and far between

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Reference no: EM131594010

Discuss both topics.

  1. Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
  2. One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid criticism? Discuss with appropriate examples.

Reference no: EM131594010

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