What does the assumption of a perfect market buy you that, Finance Basics

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What does the assumption of a perfect market buy you that

1. What does the assumption of a perfect market buy you that would not be satisfied in an imperfect market?

2. What is the difference between a perfect market and a competitive market?

3. Does a perfect capital market exist in the real world? What is the use of the perfect markets concept?

4. Without looking back, what are the perfect market assumptions?

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Finance Basics: What does the assumption of a perfect market buy you that

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