Perfect Competition

Anonymous
timer Asked: Oct 27th, 2017
account_balance_wallet $5

Question Description

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.

Tutor Answer

Drval
School: Rice University

attached is the assignment, feel free to make any inquiry. Thanks

Outline
Perfect Competition
Introduction
Body
Conclusion
References


Running Head: PERFECT COMPETITION

Perfect Competition
Institution Affiliation
Professor
Name
Date

2

PERFECT COMPETITION

Perfect Competition
Competitive firms are firms with large number of people or products that compete with
each other to fulfil the needs and wants of the same or similar target markets. In a competitive
market, ...

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Review

Anonymous
Good stuff. Would use again.

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