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Celeste Ostin
on Oct 27, 2024

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Microsoft's Windows operating system is a standardized product,since everyone who buys a particular version of the product gets exactly the same thing.This means that Microsoft is a perfectly competitive firm.

Perfectly Competitive

A market structure where many firms sell identical products, no single firm can influence the market price, and there are no barriers to entry or exit.

Standardized Product

A product that conforms to specifications that ensure it is the same in quality and design, regardless of the source of production.

Microsoft

A multinational technology company known for its software products, including the Windows operating system, Office suite, and Azure cloud services.

  • Identify the features of perfectly competitive markets, such as effortless market entry and uniformity of products.
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Kaitlyn RourkNov 01, 2024
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