Economists often use the model of perfect competition to analyze the effect of economic shocks in particular

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Economists often use the model of perfect competition to analyze the effect of economic shocks in particular industries. Which of the following industries is best approximated by perfect competition: agriculture, aircraft manufacturing, and social media (such as Facebook and Twitter)? Explain briefly.

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Managerial Economics And Strategy

ISBN: 9780134899701

3rd Edition

Authors: Jeffrey M. Perloff, James A. Brander

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