Discussion perfect competitionfirms like walmart target and, Ask an Expert

Economics

Discussion: "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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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92779900

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