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If a perfectly competitive market stopped dealing in commodities, it would fundamentally alter its structure, as commodities are essential for maintaining standardization and equal access among buyers and sellers. The market would likely shift towards trading differentiated products or services, leading to variations in pricing and potentially reducing the level of competition. Over time, this could result in the emergence of monopolistic or oligopolistic behaviors, as firms gain the ability to influence prices and market dynamics. Ultimately, the efficiency and equilibrium characteristic of perfect competition would be compromised.

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1w ago

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