Discussion Post
What are the main characteristics of a perfectly competitive market that causes buyers and sellers to be price takers? Explain your answer.
"The perfectly competitive model is not very useful for managers because very few markets in the U.S. economy are perfectly competitive.
" Do you agree with this statement? Explain.
Regardless of whether you agree, 18 what lessons can managers learn by studying perfectly competitive markets?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.