Problem
The book presents the perfectly competitive model as the foundation for economic analysis.
a. How well does the theory of perfect competition reflect the real world?
b. What role, if any, does the government have in promoting perfectly competitive markets?
c. What is the danger in the government's intervening to promote competitive markets? (Austrian)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.