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1 page/β‰ˆ275 words
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MLA
Subject:
Business & Marketing
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English (U.S.)
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Topic:

Perfectly Competitive Economy Model

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Assignment 2 asks you to describe the Perfectly Competitive Economy model in four (4) short messages. Each message must be no longer than 200 letters. This is the only assignment where I count the number of letters you use. Choosing your words carefully is the point of the exercise.

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The Perfectly Competitive Economic Model (Tweets)
Message 1: The Setup
PCE: many buyers & sellers and no market power. Participants are price-takers and goods are homogenous. Benefits: perfect information, lower prices & more choices, model encourages efficiency & innovation. #perfectcompetition
Message 2
Imagine markets with plenty buyers and sellers, access to perfect information and...
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