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Why study perfect competition, if it rarely exists?
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Structures or mechanisms of social order and cooperation governing the behavior of a set of individuals within a given community.
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Principles concerning the distinction between right and wrong or good and bad behavior.
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The ability to use technology and to stay updated as technology continues to evolve.
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Refers to the advancements and innovations in technology that lead to new products, processes, or methods in various industries.
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Q219: The market structure that is associated with