Question: First, write down the basic assumptions of perfect competition. Then pick an industry that you feel is an accurate real-world example of a perfectly competitive

  1. First, write down the basic assumptions of perfect competition.
  2. Then pick an industry that you feel is an accurate real-world example of a perfectly competitive market.
  3. Analyze this industry using the basic assumptions for perfect competition and provide the argumentation explaining your choice of the industry and your opinion why this industry is the example of a perfectly competitive market.

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