JWU Week 7 Perfect Competition Paper

Description

Focusing on the concept of the perfectly competitive market structure, respond to the following:First, write down the basic assumptions of perfect competition.Then pick an industry that you feel is an accurate real-world example of a perfectly competitive market.Analyze this industry using the basic assumptions for perfect competition and provide the argumentation explaining your choice of the industry and your opinion why this industry is the example of a perfectly competitive market.Reading Assignment: Ch.8 (https://openstax.org/books/principles-microeconomi…)

Explanation & Answer:
2 pages

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Johnson Wales University

perfectly competitive market structure

market structure

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