(Answered) Problem perfect competitionwalmart target and amazon are

Economics

Problem: Perfect Competition

Walmart, Target, and Amazon are are often thought of as being very competitive. Ironically, these retailers are not what an economist would define as perfectly competitive. Why not?

Respond to the following:

200 words

• Why are these firms not perfectly competitive?
• What are the conditions that create perfect competition?
• Name or describe an example of a perfectly competitive product, firm, or market.

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Microeconomics, Economics

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