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Watch the video clip from “Fastest Auction in Europe? Daily Flower Auction in Netherlands”. Then research the Aalsmeer flower auctions in more detail.
What aspects of perfect competition do you see present in the Aalsmeer flower auctions? Since there is no truly perfectly competitive market in the world, but rather markets that approach this extreme, are there any elements of the Aalsmeer flower auction that you think do not fit the model of perfect competition?
Describe another industry that you find fits the model of perfect competition.
