Assignment Detail

Tutors

Example of a perfectly competitive market

    Assignment Instructions

    Assignment Help >> Business Management

    Question

    Provide an example of a perfectly competitive market, or at least a market that gets a close as possible in your opinion. Evaluate your market against the four characteristics of perfect competition (Many small buyers and sellers, identical products, complete information, free entry and exit) to explain why you think it fits this market structure. In your opinion, have the sellers in this market accepted their position as price-takers or do they continue to try to shift the market to monopolistic competition? If they try to shift the market, such as by attempting to differentiate or impose barriers to entry, what are some methods they use to do so in that specific market? You may not use an example from the video, including machine shops, agriculture and the stock market.

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:
    4.6/5

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    //
    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?