Homework Help: Microeconomics

Posted by Susan on Tuesday, May 26, 2009 at 7:22pm.

What are the condition for a perfectly competivie market? Name 3 products or services that may be found in a perfectly competitive market?

I know that the market has four market characteristics, or am i not on the right track. I read a little and I still not understanding it

Microeconomics - Ms. Sue, Tuesday, May 26, 2009 at 7:26pm
Check this site.

http://www.answers.com/topic/perfect-competition
Microeconomics - Susan, Tuesday, May 26, 2009 at 7:36pm
I am to Name 3 products or services that may be found in a perfectly competitive market? Do you have any suggestions?
Microeconomics - Ms. Sue, Tuesday, May 26, 2009 at 7:40pm
Think of fresh produce at your grocery store.

I found this sentence from Investopedia at the above site.

"The industry that best reflects perfect competition in real life is the agricultural industry."

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