In chapter 12, you learned one of the most fundamental types of market structure – perfect competition. Consider the following industries and discuss which industries could suit best into the category of perfect competition. When you evaluate each industry, assess whether each industry fits into the category of perfect competition, by satisfying four underlying characteristics of perfect competition in the textbook with supporting details.
– Corn industry
– Clothing industry
– Cellphone industry
– Automobile industry
that’s the book
Sexton, R. (2016). Exploring Economics (7th Edition), Ohio: South-Western, Cengage Learning
ISBN-10: 128585943X
ISBN-13: 978-1-285-85943-9
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