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For this discussion question you're going analyze the market for a specific good you pick and determine how close the market for that good is to Perfectly Competitive. Make sure you pick the market for a good, not a specific brand of good. For example, I might pick "coffee" as the good (but probably shouldn't pick "Starbuck's coffee").
NOTE: The good you just picked IS NOT PERFECTLY COMPETITIVE!!!!*
Once you pick your good, think about the market for the good and consider the following four requirements for a good to be perfectly competitive:
-Large number of producers/sellers (price-taking producers)
-Large number of buyers (price-taking consumers)
-Standardized product
-Free entry and exitHow closely does your good/market satisfy each condition? Do you think it poorly satisfies, somewhat satisfies or completely satisfies each condition?
Based on your analysis above, what would it take to make this good/market perfectly competitive?
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