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"Perfect Competition"
Firms like Walmart, Target, and Kmart are often given as examples of competitors. Ironically, these firms are not what an economist would define as perfectly competitive firms.
• Why are these firms not perfectly competitive?
• What are the conditions that create perfect competition?
• Name or describe an example of a perfectly competitive good or firm.
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Merritt continues by offering "HR technology that enhances employee and manager self-services at less total cost is a win for our clients and customers, and HR outsourcing is an increasingly viable option".
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