A Case in Perfect Competition

A Case Study in Perfect disceptation: The U.S. Bicycle Industry (In words of J Townley) I had an epiphany, as in a sudden insight into reality, in May at a meeting where a long time superstar in the industry offered the opinion that the U.S. wheel industry is in a classic state of perfect competition. My immediate receipt was ...that sounds like a good thing! My friend, who went back to down civilise after working in a roulette wheel shop, for a major component manufacturer and prominent bicycle brand quickly responded with ...no, you dont understand. He went on to explicate that when he studied economics in graduate school he became aware of perfect competition which is a name of art in economics for the most competitive commercialize imaginable - one where the companies and businesses realize the bare minimum lettuce necessary to keep them in business. At the time we were in a meeting to personateher with six other flock from the bicycle industry - and the room went silent for a time.  As the group started to discuss the notion of perfect competition it became manifest that no one strongly disagreed, and in fact in that location seemed to be more agreement than not that our industry was therefore in perfect competition.

We ended our meeting, and went our separate ways, but the apprehension of perfect competition stayed with me, kind of like the dull pang of a toothache.  When I got back to my office I did a search on the web and found quite a lot about this subject.  Here is a summary of what I learned. Perfect competition according to economists, is the most competitive food market imaginable.  In the real world, it is rare, and there are even roughly economists that feel it may not even outlast in its purest (I take this as worst) form.  The example of a market in perfect competition that is referenced by those economists that believe it does exist - is agriculture.  Competition is ... competition, so what makes perfect competition different from exclusively other forms or kinds of competition?  According to... If you want to get a full essay, order it on our website: Ordercustompaper.com

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