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What does the given statement say to you

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Eco-game-10 two pages discussions and two responses

Discussion: Perfect Competition Is Dull

Joseph Schumpeter said that "perfect competition is not only impossible, but inferior, and has no title to being set up as a model of ideal efficiency." What does this statement say to you? Make your argument either supporting or refuting this statement, using purely economic arguments.

In response to your classmates' posts, respectfully dispute their positions based on either the replacement effect or economy of scope argument, as appropriate to the position you are taking.

Reference no: EM131311679

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