Week 2_9 Perfect Competition in Practice
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Get to know Basic Concepts: -- Characteristics of perfect competition: a. Many firms sell identical products to many buyers. b. There are no restrictions to entry into the industry. c. Established firms have no advantages over new ones. d. Sellers and buyers are well informed about prices.
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Assignment: Let's study the Coffee Market Report together. Discuss with fellow students in Discussion Forum.
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Watch the Video:
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