Is perfect competition an economic imaginary concept?
Answer
Perfect competition is a reality baby
Think commodities n shit
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2. ANALYSIS OF MARKET STRUCTURES ompetition, monopolistic competition, oligopoly, and monopoly.
We start with the most competitive environment, perfect competition . Unlike some economic concepts, perfect competition is not merely an ideal based on assumptions. <span>Perfect competition is a reality—for example, in several commodities markets, where sellers and buyers have a strictly homogeneous product and no single producer is large enough to influence market prices. Perfect comp
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