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What are the attributes of perfect competition

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Reference no: EM132368858

Define/Explain Perfect Competition

What are the attributes of Perfect Competition?

Explain the demand curve facing a firm in a Perfect Competition market

Where is Price set at? Is firm a Price Taker or Price Maker?

On what basis does a firm in Perfect Competition compete?

Where does the firm maximize Profit?

Provide an example of a firm competing in a market of Perfect Competition

Reference no: EM132368858

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