Don't need AI answers pls   Explain the concept of perfect competition.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 12RQ: What are the four basic assumptions of perfect competition? Explain in words what they imply for a...
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Explain the concept of perfect competition.

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