When I ask students to name some perfectly competitive goods, I usually hear “restaurants,” “electronics,” “clothes,” etc. While producers and sellers of these goods certainly compete with one another on price, there are differences in other areas. A burger from Wendy’s is obviously different from Taco Bell fare, nor is it identical to a burger made at Chesters (my local favorite). As a result, they can be marketed differently in the hopes of finding a niche.
After discovering that ten salons exist along that five-mile stretch of road my daughters and I traveled that day and conducting an informal poll of female family members, friends, and coworkers, it seems to me that nail salons come as close to a perfectly competitive service as any other
https://fee.org/articles/the-salon-boom-is-actually-good-for-both-consumers-and-workers/
After discovering that ten salons exist along that five-mile stretch of road my daughters and I traveled that day and conducting an informal poll of female family members, friends, and coworkers, it seems to me that nail salons come as close to a perfectly competitive service as any other
https://fee.org/articles/the-salon-boom-is-actually-good-for-both-consumers-and-workers/