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What are the conditions for a perfectly competitive market

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Reference no: EM132789824

Goods & Perfect Competition

What are the conditions for a perfectly competitive market?
What are some real-life examples of perfectly competitive markets?
What are economic profit-maximizing strategies that may be made by a perfectly competitive firm?
Identify a good that you regularly purchase and you feel is in perfect competition - how do the characteristics of the goods and the market structure it operates in affect the firm's ability to change the price?
How has online retailing affected markets for products-have they become more or less competitive as a result? Explain!

Reference no: EM132789824

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