(a) Discuss the following statement: ‘In the real world there is no industry which conforms…


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(a) Discuss the following statement: ‘In the real world there is no industry which conforms… 2 answers below » (a)
Discuss
the following statement: ‘In the real
world there is no industry which conforms precisely to the economist’s model of
perfect competition. This means that the
model is of little practical value’. (2.5 marks) May 15 2012 10:32 AM

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