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ECO 202 Principles of Microeconomics Module 5 Discussion (St. Leo)

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Search the web and view the video clip 1,000 Flowers Auctioned per Second in Holland. 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 find do not fit the model of perfect competition? 


Describe another industry that you find fits the model of perfect competition. 

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