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The Legend of Perfect Competition
PragerU •Cash Course•Oct 10, 2025Imagine the perfect marketplace—where high-quality products are always available at low prices. Sounds magical, but does it exist? In this episode of Cash Course, your teens will explore the “legend” of perfect competition—an ideal model based on four key conditions that help markets run efficiently. While reality rarely meets those conditions, the legend teaches a powerful lesson: more competition means better results for everyone.
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