Original post by amina1122
what industry would be best to talk about for a perfect competition question?
You can typically characterise perfect competition by:
•
plenty of substitutes
•
products are nearly identical
•
equal competition
•
numerous competitions
•
everyone has access to similar if not identical information
•
the market reacts quickly
Whilst no industry is a perfect fit, consider:
•
groceries/supermarkets
•
insurance
•
publishers
•
SAAS (software)
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Can someone please mark my 25 markers for AQA a level economics, my teacher is useles
