Why do economists study the perfectly competitive model?
A. It is an important model to...
Social Studies, 15.04.2020 01:44 Yek
Why do economists study the perfectly competitive model?
A. It is an important model to use as a benchmark to compare with other market structures.
B. Many markets have similarities to the perfectly competitive model.
C. Perfectly competitive markets maximize societal welfare.
D. All of the above.
Answers: 3
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