Using the following information, which of the industries described are perfectly competitive? Check the perfectly competitive market
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Using the following information, which of the industries described are perfectly competitive? Check the perfectly competitive market characteristics each industry possessed and determine whether it is a perfectly competitiveindustry.
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Perfectly Many Firms Identical Ease of Entry Competitive and Buyers Products and Exit Industry Market? New York taxi business: City issues a limited number of permits. Commercial aircraft industry: The costs of starting such a business are significant. Window washing business: Low cost of entry and limited specialized training. Fast-food business: Restaurant chains produce meals that are distinct Broccoli farming: There are many produc- ers of broccoli, which requires no special growing conditions.
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