Elucidate how closely do real world conditions match

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Reference no: EM1352765

Choose a market for a good in the united states that seems to be a perfectly competive market. Write a 3-4 substantive paragraphs that describe the market. In that description, identify the buyers, sellers, and goods services. How closely do real world conditions match the charateristics listed in the model? Do they compete using price? Is the good in question standardized? Is the market regulated by government in any way ? Explain the competitive environment.

Reference no: EM1352765

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