One of the components of the perfect competition is that they have similiar products, not differentiated,as in Monopolistic competition, so I thought that all groceries like Winn Dixie, Publics and etc. offer almost the same product, they mostly compete in advertising and prices, not in products they sell.
Then, can you give me some examples of perfect competition, for me, just to know in examples to analyze that market?© BrainMass Inc. brainmass.com October 10, 2019, 4:24 am ad1c9bdddf
Groceries work neither as monopolies nor as perfect competition. They have some competition but the fact that they can differentiate themselves from their competitors makes them not-perfectly competitive. For example, if you go to a fancy grocery store, you will find that they provide ...
The expert examines examples of perfect competition.