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 or five substantive paragraphs that describes the market and answers the following questions;Identify the buyers and sellers as well as the goods or services.;How closely do real world conditions match the characteristics listed in the model?;Are the sellers price takers?;Do they compete using price?;Is the good in question standardized?;Is this market regulated by government in any way;Explain the competitive environment.;In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Paper#30617 | Written in 18-Jul-2015Price : $27