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Why is a full understanding of the purely competitive market

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Reference no: EM131754705

Discussion

Just in case you need an easy question to which you can respond, try this one ... taken in part from the Chapter 10 Learning Objectives.

1. Please list the conditions required for purely competitive markets.
2. Is it really possible to find all of these conditions in any place at any time?
3. Why is a full understanding of the purely competitive market necessary before attempting to learn about other market forms?

Reference no: EM131754705

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