Question

Does a perfectly competitive market exist in reality? Why?

Answer 1

neoclassical economics, perfect competition is a theoretical market structure in which six economic factors must be met. ... All real markets exist outside of the perfect competition model because it is an abstract, theoretical model

Answer 2

Answer:

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Explanation:

Key Takeaways. Neoclassical economists claim that perfect competition–a theoretical market structure–would produce the best possible economic outcomes for both consumers and society. All real markets exist outside of the perfect competition model because it is an abstract, theoretical model.

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