Question 1 Perfect Competition (Assumptions) (5 marks) It is claimed that the market for various stocks and shares represent Perfect Competition. Using the assumptions used to build the perfect competition model, justify the case that shareholders of BP represent a structure that is almost the same as perfect competition. Question 2 Perfect Competition (Profit Maximization) (20 marks) New Zealand egg market represents …

| December 7, 2018

Question 1 Perfect Competition (Assumptions) (5 marks) It is claimed that the market for various stocks and shares represent Perfect Competition. Using the assumptions used to build the perfect competition model, justify the case that shareholders of BP represent a structure that is almost the same as perfect competition. Question 2 Perfect Competition (Profit Maximization) (20 marks) New Zealand egg market represents …

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