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    Simon26's Avatar
    Simon26 Posts: 2, Reputation: 1
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    #1

    Dec 15, 2009, 05:49 PM
    A market that is NOT perfectly competitive.
    How would you solve a problem for a market that is NOT perf. Competitive as oppose to a market that is perf.competitive?
    bulksalty's Avatar
    bulksalty Posts: 31, Reputation: 3
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    #2

    Feb 11, 2010, 12:52 PM

    Well step one is assume that the producer faces a downward sloping demand curve. Perfect competition assumes that each competitor can supply as many units as cost allows at the market price.
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