Go to the internet and find a news article published within the last three months that discusses perfect competition, summarize key points and post in the Discussions area.
The Trump Administration’s Incoherent Stance on Competition
By JONATHAN TAPLINNOV. 28, 2017
The article discusses the stance of Trump administration on competition. The FCC has indicated that it will end net neutrality, which ensure equal access to the internet for all websites. If net neutrality is ended, than large internet service providers like Comcast, Verizon and AT&T will be able to charge additional fees for high-quality streaming and choose the content that the data plans will offer. This move will affect smaller internet service providers who cannot pay the fees.
In perfect competition, the individual firms are price takers and all firms charge identical prices. This cannot happen in case net neutrality is eliminated.
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