Consider the following goods and services

Economics Oct 19, 2020

Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competition.

-Coca-Cola and Pepsi
-Potatoes
-Private physicians in your local community
-Government bonds and corporate stocks
-Taxicabs in Lima, Peru—a city that does not restrict entry or the prices drivers can charge
-Oats