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Unformatted text preview: not based on actual market conditions. Such a competitive market is supposed to provide maximum justice to a maximum number of buyers and sellers. Competition is said to be Pure and Perfect when six basic characteristics are satisfied (three characteristics each associated with Pure and Perfect competition)....
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This note was uploaded on 11/26/2011 for the course ECONOMIC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10
- Perfect Competition