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Economics

Objective: Delineate various forms of competition

Identify government policies on competition

Deliverable Length: 4-5 paragraphs

Details: Perfect competition is the first of four basic market models that we study in this course.

Choose a market for a good in your area that seems to be a perfectly competitive market. prepare four or five substantive paragraphs that describes the market and answers the following problems:

Identify the buyers and sellers as well as the goods or services.

How closely do real world conditions match the characteristics listed in the model?

Are the sellers price takers?

Do they compete using price?

Is the good in problem standardized?

Is this market regulated by government in any way

describe the competitive environment

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964379

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