ECONOMICS

Briefly research a market that you believe is competitive and answer the following questions:

• How many firms are in this market?
• Is there any product differentiation?
• Are firms free to enter or leave the industry?
• Are customers aware of the prices being charged by the various firms in the industry?

Write a paragraph or two discussing why you believe this industry does or does not meet the definition of perfect competition. End your post with a question related to an issue that requires further analysis or to possible changes occurring in the industry that may change your view on whether or not it meets the definition of perfect competition