Explain the perfectly competitive firm which you have

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Examine a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how it relates to the characteristics of the market.

Imagine that you are a manager of the perfectly competitive firm that you examined in the first part of this discussion. Identify two challenges of raising the price for a product when other competitors are selling the same type of product for a lower price.

Reference no: EM13396986

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