Discussion Forum # 4: Perfect Competition

Created Feb. 5, 2024 by Dorina Tila

Discussion Forum # 4: Perfect Competition

Please watch the VIDEO, read the assigned material and answer the following questions:

1. Please provide an example of a perfect competitive market

2. Please list all the four characteristics of a perfect competition and elaborate how they are fulfilled in your example. 

NOTE: This example is asking for a market (e.g., market for iphones, oranges, milk, etc.). Please do not provide examples such as Amazon, Ebay, Internet, which provide the institution and infrastructure to emerge markets.

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