How does the internet serve as a perfectly competitive market?
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Barriers to entry are low, market information is readily available to consumers, and product differentiation is all but impossible. All of this makes the Internet the most perfectly competitive environment that has ever existed. ... Their appeal to the consumer is based on convenience and savings.
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Barriers to entry are low, market information is readily available to consumers, and product differentiation is all but impossible. All of this makes the Internet the most perfectly competitive environment that has ever existed. ... Their appeal to the consumer is based on convenience and savings
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