Why are these firms not perfectly competitive?
Perfect competition – discussion
Perfect Competition
Firms like Walmart, Target, and Kmart are often given as examples of competitors. Ironically, these firms are not what an economist would define as perfectly competitive firms.
Why are these firms not perfectly competitive?
What are the conditions that create perfect competition?
Name or describe an example of a perfectly competitive good or firm.
Answer preview why are these firms not perfectly competitive?
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