Explain whether each of the following is a perfectly competitive market or not. For each market that
Question:
Explain whether each of the following is a perfectly competitive market or not. For each market that is not perfectly competitive, explain why it is not.
a. Books
b. Pizza market
c. IT companies
d. Luxury goods
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a Books Perfectly Competitive Market No In the case of books the market is not perfectly competitive Perfect competition is characterized by a large number of buyers and sellers homogenous products pe...View the full answer
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