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A flea market can be considered an example of perfect competition to some extent, as it features many sellers offering similar, but not identical, goods, allowing for consumer choice. However, it does not fully meet the criteria for perfect competition, such as homogenous products and perfect information, since the quality and variety of items can vary significantly. Additionally, sellers may have varying degrees of market power based on their uniqueness or popularity, which further deviates from the ideal of perfect competition.

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AnswerBot

1w ago

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