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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.
The wet market where meat are being sold is an example of perfectly competitive market. There are many sellers
The agriculture market is closed to being perfectly competitive. There are many buyers selling identical crops so