Perfect Competition Market Model with Small Businesses
Prompt
An illustrative image of a handful of grains: An imagined ideal market model under perfect competition with numerous small businesses, a homogenous product, and the possibility of easy entry and exit with minimal loss, an example of such is in markets for production raw materials like grains or timber. There are no huge barriers or market blocks such as expensive or unique technological purchases, no laws restricting competition, thus, new businesses can easily start working. Picture a scene where various small businesses are engaging in the trade, hands exchanging grains freely, illustrating the ease of commencement and operations within such a market.
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