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We often assume that firms are in perfectly competitive markets. Much of what we study in...

We often assume that firms are in perfectly competitive markets. Much of what we study in producer theory is simplified to this market structure. However, many people would argue that few markets are actually perfectly competitive. Discuss what the assumptions are in a perfectly competitive market and think of a real-world market that fits these assumptions (or at least is very competitive). What is unique about this market that makes it competitive? If you do not think it is perfectly competitive, what aspects do not fit in with our assumptions? These examples could be markets that exist everywhere or are unique to certain countries/states/places.  

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