Case study (ECON)

This is an economic assignment. Each question must be answered in the form of a paragraph (5-6 sentences). Please cite all source(s) using MLA formatting on a bibliography page.

Question 1: Define Perfect Competition.

Question 2: Give 3 general examples of perfect competitors

Question 3: Discus and analyze whether the perfect competitor is a price maker or price taker and explain why.

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