Web Activity: Is the coin collectors market close to being perfectly competitive? Lets use the example of

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Web Activity: Is the coin collector’s market close to being perfectly competitive?

Let’s use the example of silver dollars auctioned on eBay. Go to www.ebay.com, click on “Coins & Paper Money” under Categories, and select “Coins: U.S.” Then type in “1890s Morgan silver dollar,” and click on search. After checking the prices of the coins, would you say the market is close to being perfectly competitive? Why or why not?

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Related Book For  answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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