Hello I need help to write 4-6 sentences, answering this Question. Discuss Why ( or why not) would you prefer the world we live in to a world of perfect competition?Also I need to respond to one of the Classmate 2-4 sentences I will post his respond when he submitted.Please find the key ideas, the question to be answered for the discussion.Thank you.
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Other Market Structures:
Monopolistic Competition, Oligopoly, Monopoly – the real world.
Products are differentiated, limited number of firms in the market because of barriers to
Firms make excess profits, are not efficient, and produce too much or too little.
This is the world as it exists.
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