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In the real world, it is impossible to attain the perfect market. The model of this market is somewhat more theoretical than practical. However, we are also aware of the fact that the general market need not have to fit in the rules of perfect competition entirely. Equity means that the economic resources have a fair distribution among the people in the community. It is a matter of debate as there are different opinions on how the resources should you need to allocate. You will find it in details at equity and perfect competition homework help.
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Characteristics of Perfectly Competitive Market
In the competitive market, the consumer has the choice of buying the goods and services, and hence, the organization does not have the power in this case. Let’s discuss the features of this type of market. The equity and perfect competition homework help also have the features explained elaborately. They are:
Characteristics of Equity
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