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What constitutes a perfectly competitive market

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The terms supply and demand refer to the behavior of people as they interact with one another in competitive markets. (150 words each)

-Briefly explain what constitutes a perfectly competitive market.

-Briefly explain at least four factors that influence the quantity demanded in competitive markets.

-Briefly explain at least four factors that influence market supply in competitive markets.

-Briefly explain how taxes levied by the government can affect the outcome of a market.

Reference no: EM133062942

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