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Have you ever purchased a good or service in a market that met the requirements for...

Have you ever purchased a good or service in a market that met the requirements for perfect competition? Provide an example of a good or service and evaluate the market in light of the requirements of perfect competition.

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Yes, agricultural products such as milk can be considered as one product that is close to perfect competition in this is because of the fact that it follows all the the basics of perfect competition such as no barriers to entry, high number of competitors in the market, product is homogeneous etc. That is the reason why milk is a product that people usually buy as part of perfect competition and and it satisfies all the necessities of a perfect competition

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