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by Udik 1899 days ago
Definition of a "perfect" market, first line:

"All firms sell an identical product"

Seems one of those cases where perfect doesn't mean anything like "good". It's entirely irrelevant to the case at point.

1 comments

It is the whole point.

By "definition", if it's being bought in a "perfect-free-market" it is only because it's been deemed good enough.