Illustrate what constitutes a perfectly competitive market

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Q. Perfect competition: ‘Farming, wood pulping, fishing also paper milling the manufacture of paper cups also shopping bags, grocery retailing, photo finishing, lawn services, plumbing, painting, dry cleaning also laundry services are all examples of highly competitive industries.'

Choose one of these or some other industry also develop an argument to support the case that your chosen industry is highly competitive also has elements of illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.

This report must be at least a page long with at least one graphical representation.

 

Reference no: EM1321371

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