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PERFECT COMPETITION 1. What are the four (4) conditions for a perfectly competitive market to exist? 2. "Pizza" is our e
Posted: Wed Jul 06, 2022 6:24 pm
by answerhappygod
- Perfect Competition 1 What Are The Four 4 Conditions For A Perfectly Competitive Market To Exist 2 Pizza Is Our E 1 (103.81 KiB) Viewed 21 times
PERFECT COMPETITION 1. What are the four (4) conditions for a perfectly competitive market to exist? 2. "Pizza" is our example below, but it is not a good example of a perfectly competitive market. Why? 3. What is a good example of a perfectly competitive market? 4. What does it mean that a perfectly competitive firm is a "price taker"? 5. How and why does the fact that a perfectly competitive firm is a "price taker" imply that in the long run a perfectly competitive firm earns no economic profits?