Answered

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ECONOMICS QUESTION
How can you describe examples of pure competition even though there are no pure competitive markets?

Sagot :

mjlove1918

Answer:

ok

Explanation:

Pure or perfect competition is a theoretical market structure in which a number of ... In a perfectly competitive market, however, such moats do not exist. ... As such, it is difficult to find real-life examples of perfect competition but there are ... the model is still helpful because of its ability to explain many real-life behaviors.

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