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Good example for a perfect competition

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Reference no: EM132631346

Give an example of a market that you think might be a good example for a perfect competition.

  • What aspects of the market meet the requirements of perfect competition?
  • Are there aspects of the market that don't quite meet the assumptions of perfect competition?
  • How problematic are these? Is the model still a good model to apply?
  • Is there evidence that the market outcomes predicted by the model around things such as price, profits, firm entry and so on actually occur in that market?

Reference no: EM132631346

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