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Discuss the perfect competition model?

many buyers and sellershomogenous goodsno barriers to entry and exitperfect knowledge No sunk costsunrealisticno place for monopolies/oligopolies

Answered by Perdita S. • Economics tutor

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The price of coffee beans rose from $1.15 to $1.40 between June and August 2017. A possible cause of this rise is: a) Improved weather conditions in coffee-growing countries; b) An increase in national minimum wage in coffee growing countries.

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