What Are the Four Assumptions That Define a "Perfect" Market

question 36

Essay

What are the four assumptions that define a "perfect" market?

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Definitions:

Embezzled

Misappropriation or theft of funds placed in one's trust or belonging to one's employer.

Affective Commitment

An employee’s emotional attachment to the organization that makes the employee want to stay in the organization

Continuance Commitment

The ongoing sense of attachment an individual feels towards an organization because leaving would be costly.

Excellent Pay

Compensation or salary that is significantly higher than average, often reflecting a high level of skill, experience, or responsibility.