Discussion # 3

Navigation   » List of Schools, Subjects, and Courses  »  Econ 101 – Principles of Microeconomics  »  Discussion  »  Discussion # 3

With Answers  Good news! We are showing you only an excerpt of our suggested answer to this question.  Should you need our help in customizing an answer to this question, feel free to send us an email at or chat with our customer service representative.

Discussion # 3

Question

Questions:

1) Please give an example of a market that comes close to being considered perfectly competitive.

2) What does it mean when firms in a perfectly competitive market earn $0 in economic profits?

Write at least one brief paragraph. In addition, it is required to reply to at least two other students’ posts by offering respectful suggestions, comments, or critiques related to the subject matter and their post.

Need help with your discussion preparation?

This question is taken from Econ 101 – Principles of Microeconomics » Winter 2022 » Discussion