Describe the changes that would be required, if this industry wanted to function under pure competition.

Describe the changes that would be required, if this industry wanted to function under pure competition.
April 30, 2020 Comments Off on Describe the changes that would be required, if this industry wanted to function under pure competition. Uncategorized Assignment-help
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You have learned that in the long run, pure competition leads to productive efficiency and allocative efficiency. Given this fact, post a response to the following:Is pure competition a “desirable” market model for all industries? Should industries aspire for pure competition? Why or why not?Think of an industry that does not function in a purely competitive market currently. Describe the changes that would be required, if this industry wanted to function under pure competition.