I Explain the characteristics of a perfectly competitive market Review Read the article Three Myths of...

 

Transcribed Image Text:

I Explain the characteristics of a perfectly competitive market Review Read the article Three Myths of Antitrust: Part 3 from the online Capitalism Magazine. (http://capitalismmagazine.com/2000/07/the-three-myths-of-antitrust-part-3-perfect-competition/) Discussion In Discussion #4: Perfect Competition in the Discussions area, respond to the following questions: I After reading the argument in the article above, decide if you agree or disagree with the theory of perfect competition. 1 Choose 'Pro" or 'Con" as your subject heading in your discussion posting. I If you chose 'Pro' and agree with the theory, post at least 2 paragraphs explaining why you agree with the theory. - If you chose 'Con' and do not agree with the theory, post at least 2 paragraphs explaining why you think this way. I Refer to Chapter 8 in your textbook to develop an argument. I As well, examine the publisher of this article, Capitalism Magazine. What is the mandate of this e-magazine? Do you think it influences what is presented in the publication? That is, is the article skewed in its thinking or not? 1 Once there are a number of postings by fellow students, consider both sides of the argument. 1 Has your thinking changed? Why or why not? I What would be your main message if you taught about perfect competition? I Explain the characteristics of a perfectly competitive market Review Read the article Three Myths of Antitrust: Part 3 from the online Capitalism Magazine. (http://capitalismmagazine.com/2000/07/the-three-myths-of-antitrust-part-3-perfect-competition/) Discussion In Discussion #4: Perfect Competition in the Discussions area, respond to the following questions: I After reading the argument in the article above, decide if you agree or disagree with the theory of perfect competition. 1 Choose 'Pro" or 'Con" as your subject heading in your discussion posting. I If you chose 'Pro' and agree with the theory, post at least 2 paragraphs explaining why you agree with the theory. - If you chose 'Con' and do not agree with the theory, post at least 2 paragraphs explaining why you think this way. I Refer to Chapter 8 in your textbook to develop an argument. I As well, examine the publisher of this article, Capitalism Magazine. What is the mandate of this e-magazine? Do you think it influences what is presented in the publication? That is, is the article skewed in its thinking or not? 1 Once there are a number of postings by fellow students, consider both sides of the argument. 1 Has your thinking changed? Why or why not? I What would be your main message if you taught about perfect competition?

Answer rating: 100% (QA)

Several characteristics explain how a perfectly competitive market is structured and how it works Many competing firms A perfectly competitive market ... View the full answer