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05-04-2017
Business

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Does a real-world market have to meet all the assumptions of the theory of perfect competition before it is considered a perfectly competitive market?

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bigDtaylor00 bigDtaylor00

05-04-2017

No, probably no real-world market meets all the assumptions of the theory of perfect competition. All that is necessary is that a real world market behave as if it satisfies all the assumptions

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