Perfect Competition

[TheZachary86]

how can one determine if there is zero economic profit? isn't that kind of an ideal situation where it does not exist?

[Xyrosis]

I would assume that the blackmarket sales of drugs would be a good example of perfect competition, not that I agree with their sales.

[superdau]

@Xyrosis Quite the opposite (or did you mix up the words?)

Many players? Not really. Not a monopoly, but I there aren't that many (large) suppliers.

No barriers to entry? Piss someone off before you can afford bodyguards and you're dead.

No advantage for existing? They got their smugglers, know the routes, bribed officials, have their customers...

Good price information?? Really!? Yes, there are SOOO many playces to check for current prices for your favorite drug...

[blackhornet10]

Cool. My videos suck don't look at them if you dare.

[br1an419]

Fantastic!

[plllll0]

sounds like the opposite of the US economy...

[ShouldIBeConcerned]

2nd Comment! Go khanacademy! Love You! ;D

[nicecoolstuff13579]

First Comment and View!!! Oh Yeah!! Go khanacademy!!! :D