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Why is the housing market not a perfectly competitive market
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Why is the housing market not a perfectly competitive market

User Bushwacka
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17 votes

Answer:

houses are essential. a need doesn't fall in perfect competition conditions.

User PeaceFrog
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Firstly, in a perfectly competitive market, all the products are homogeneous, meaning they are all identical. this is clearly untrue in the housing market as houses are not all the same, they vary in size, location, quality and many other areas.
User Hamid Bazargani
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