Write down our basic assumptions of perfect competition

Write down our basic assumptions of perfect competition

Market Structures

In Week #4 we study pure competition. Write down our basic assumptions of perfect competition. Then pick an industry representing an example of this market structure. Analyze this industry using the basic assumptions for competition and provide the argumentation explaining your choice of the industry and your opinion why this industry is the example of the respective market structure. The length of this Journal reflection is 300-500 words

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