What are a real world example of a firm that has a perfectly competitive market structure?

Answer 1

technically, perfect competetivity does not exist. what is usually referred to perfectly comeptetive as completely open markets with easy access and many firms competing, where demand dictates the supply and pricing. a real world example of this can be, for example, gasoline stations, food and cloth stores (although fashion industry does not fit there), and so on.

Answer 2

The emergency services are a good example of a publicly owned monopolistic "company". (You could also argue the NHS, however there are private sector competitors).

British Telecom used to be a huge monopoly, then other companies joined the market. Similarly, Sky TV (before Freeview/ on demand TV became widely available). I think it may have been a similar story for British Gas.

Currently, there seem to be very few firms that actually operate in a market even close to a monopoly. Monopolies are most prevalent in public sector firms, since they generally are allowed to become monopolies due to huge economies of scale (deemed to benefit the consumer more than competition from another company would).

Answer 3

hey can

't you give us an answer for firms in a market monopoly.? piece of junk. hahahaha