Question: Based on the telecommunications industry: Do you consider this market to be perfectly competitive? Briefly explain why or why not, by referring to each of

Based on the telecommunications industry:

  1. Do you consider this market to be perfectly competitive? Briefly explain why or why not, by referring to each of the basic assumptions that form the foundation of the perfectly competitive model.
  2. Provide a rough estimate of the length of time that constitutes the "short run" for this industry. That is, how long does it take firms in this industry to adjust all of their inputs?

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