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What is a purely competitive market

Assignment:

Please read the article: How-Starbucks-Uses-Pricing-Strategy-for-Profit-Maximization

1) What is a purely competitive market?

2) Why type of market would Starbucks belong to?

3) Why do you think Starbucks increased its prices by 1%, and do you believe that this action is risky, or a safe bet?

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Microeconomics: What is a purely competitive market

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Microeconomics: What is a purely competitive market

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