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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 630 |
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Its characteristics does not reflect realistic marketing conditions, however, it does provide some insight. For example, the perfect competition model describes the industry to be unrestricted in regards to entry requirements, thus many businesses operate in this market sector, and also, all products produced are identical due to information freely available to everyone...
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For example, the perfect competition model describes the industry to be unrestricted in regards to entry requirements, thus many businesses operate in this market sector, and also, all products produced are identical due to information freely available to everyone. The significance of the category of competition is it indicates how the business will behave under the particular marketing conditions...
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General points of the essay
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