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The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural
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14 votes
14 votes
The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural

User Jgallant
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21 votes
21 votes

Answer:

Theoretical

Step-by-step explanation:

Perfect competition is a theoretical market structure due to the assumptions required for it to exist: perfect information for consumers and producers, as well as the theoretical maximum number of firms in a market which is a number that never empirically exists.

User Michael Neale
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