Identify the seven features of perfectly competitive free markets. Which of the seven features of a purely competitive market are not present in an oligopoly? How do price and quantity move to equilibrium in a perfectly competitive market? Discuss how a monopoly places restrictions on the negative rights that a perfectly free market respects. Discuss the three components of the fraud triangle. Based on the assumptions of J. Fred Weston in his antitrust view of oligopoly power, what are the advantages of breaking up an oligopoly? Discuss the regulation view of oligopoly power ?

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1 Features of perfectly competitive free markets a Many buyers and sellers There are numerous buyers and sellers in the market none of whom have significant market power to influence prices b Homogene... View the full answer