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MrsAngelD MrsAngelD
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6 years ago
The perfectly competitive model makes a lot of fairly unrealistic assumptions. Why do economics text books still talk a lot about this model?
A) Many markets are close to being perfectly competitive.
B) It is an important model to use as a benchmark to compare other markets structures to.
C) Perfectly competitive markets maximize societal welfare.
D) All of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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forrestforrest
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#1
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6 years ago
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MrsAngelD Author
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6 years ago
Brilliant ツ
Zacellison
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Yesterday
Thanks
deathDoUsPart
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2 hours ago
Good timing, thanks!
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