Social Studies
Social Studies, 15.04.2020 01:44, Yek

Why do economists study the perfectly competitive model?

A. It is an important model to use as a benchmark to compare with other market structures.
B. Many markets have similarities to the perfectly competitive model.
C. Perfectly competitive markets maximize societal welfare.
D. All of the above.

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Why do economists study the perfectly competitive model?

A. It is an important model to...

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