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Unformatted text preview: A perfect competitive market is what a consumer can hope for if they are going to receive the most for their money within the economy. In richer nations this scenario is often realized based upon the demands of the consumer. Most consumers demand variety and in order for firms to make their clients happy they will try their best to be competitive but like any business they are in business to make money. The firms will try to create or maintain an oligopoly when they can but competition can quickly make this impossible. Because an economy is ever changing all of these scenarios are present in successful economies....
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This note was uploaded on 08/21/2011 for the course BUS 101 taught by Professor Doe during the Spring '10 term at University of Phoenix.
- Spring '10