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Pure competition seldom exists in the real world, yet we spent a week studying it. Was this week wasted? Why or why not?

Pure competition seldom exists in the real world, yet we spent a week studying it. Was this week wasted? Why or why not? Find an article that deals with business competition. Do the companies involved have real market power? What does market power mean? Does the number of competitors affect market power? Does elasticity affect market power?
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After working on your question, I... View the full answer

8526459.docx

Article :
http://www.forbes.com/sites/forbesleadershipforum/2013/02/05/how-to-beat-the-competition-byinnovating-in-ways-they-cant-copy/
Companies exist and compete in a market that enables...

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