Week 3 Discussion 4 - where most offer similar services and...

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Great article Constance! It clearly explains pure competition and I find the idea of a market in which prices are not controlled by buyers or sellers very interesting. I started searching for real life examples of pure competition. It was a little difficult to find a good list, but I found a few that I thought were great examples. Professional services such as dentists and doctors could be considered a pure competitive market. There are many doctor and dentists offices to choose
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Unformatted text preview: where most offer similar services and they are easily accessed. Other examples of an easily accessible business that offers a very similar product is a nail salon or a barber shop. Lastly the most predominant in my search for examples were agricultural products such as potatoes and wheat. Can anyone think of anymore? Sources: http://www.witiger.com/marketing/typesofcompetition.htm http://www.businessbookmall.com/Economics_23_Pure_Competition.htm...
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This note was uploaded on 03/26/2012 for the course ECON GM545 taught by Professor Gotches during the Summer '11 term at Keller Graduate School of Management.

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