Perfect competition is the first of four basic market models that we study in this course. Choose a market for a good in your area that seems to be a perfectly competitive market. Write four substantive paragraphs that describes the market and answers the following questions:
Identify the buyers and sellers as well as the goods or services.
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The question belongs to Economics and it is about perfection competition. This question is not only a descriptive question, but a practical question because it involves observing a market near you which resembles perfect competition. Such an example has also been cited along with the description about perfect competition.
Total Word Count 505
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