a online.smc.edu + E This is a graded discussion: 5 points possible due Nov 14 Perfect Competition Examples 70 70 Instructions Think about the requirements for a perfectly competitive market. Then post a discussion thread and two replies to a colleague. Initial Post By Tuesday at 11:59 pm, post to this discussion (by clicking "Reply" below). Your post should: Include a discussion of an example of a product/service, brand, company, or industry that you identify as perfectly competitive. Address the question, how does your example fit each of the criteria of a perfectly competitive market? Remember that this market has very strict identifying criteria, so it is often difficult to come up with examples in the real world. You may have to get a little creative! Just make sure you explain your example. Replies By Friday at 11:59 pm, reply to at least two of your colleagues. In your reply: Respond to your colleagues' example. Does it match each of the aspects of a perfectly competitive market, including many buyers and sellers, free entry and exit, identical products, and firms that act as price takers with zero economic profit in the long run? What insight does their example give us into prices in a perfectly competitive market? Initial post due by Tuesday November 14th at 11:59 pm | 2 replies by Friday Nov 17th at 11:59 pm Discussions can only have one due date in Canvas. This shows as the Tuesday deadline, but you do have until Friday to post your replies. Q Search entries or author Unread Subscribe Reply