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What the characteristics of perfectly competitive markets

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Reference no: EM131844983

Question - In preparing your essay, address the following questions:

1. What are the main characteristics of perfectly competitive markets? Do housing markets share these characteristics? (see Campbell, Giglio, and Pathak 2011, available in the Learning Materials folder; scroll down to the bottom)

2. Explain the determinants of supply and demand of real estate properties. Are real estate prices predictable? What are typical causes of bubbles on real estate markets?

3. What are the factors determining how long a property stays on the market? Address general market conditions as well as microeconomics factors affecting buyers' and sellers' decisions.

Article referenced in essay - Forced Sales and House Prices By John Y. Campbell, Stefano Giglio, and Parag Pathak

Word/Page Count: 500

Formatting & Referencing: APA.

Verified Expert

The assignment is about the analysis of perfect competition and how the real estate markets respond to this market. The factors that effect the demand and supply are being put in the document.

Reference no: EM131844983

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len1844983

2/2/2018 3:50:37 AM

Word/Page Count: 500 and Formatting & Referencing: APA. Please check and confirm the assignment. Comments from the student: Single spaced - 500 words. I also attached the article referenced in essay. Address general market conditions as well as microeconomics factors affecting buyers’ and sellers’ decisions.

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