(Answered) What are the characteristics of perfect competition why do

Economics

What are the characteristics of perfect competition? Why do restaurants tend to display characteristics of perfect competition?

What are the long-run benefits of running a restaurant, considering its place in the perfect competition?

Under what conditions would a restaurant decide to be open on Mondays, and when would it decide not to be open on Mondays? When is losing money on Mondays still a good business decision

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Business Economics, Economics

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