Econ question (not math-related):
Create a spoke diagram for perfect competition. Use the four main characteristics of perfect competition as the main spokes. To each main spoke, add one or two spokes with examples or simple illustrations that represent that characteristic.

I know what a spoke diagram is but I don't know how to apply the "perfect competition characteristics" idea to it.

If this is in the wrong section, I apologize.

Question

Econ question (not math-related):
Create a spoke diagram for perfect competition. Use the four main characteristics of perfect competition as the main spokes. To each main spoke, add one or two spokes with examples or simple illustrations that represent that characteristic.

I know what a spoke diagram is but I don't know how to apply the "perfect competition characteristics" idea to it.

If this is in the wrong section, I apologize.

kittiwitti1 · Answer

Four main characteristics of main competition: http://image.slidesharecdn.com/5-industrystructureandcompetitionanalysis-121207091755-phpapp01/95/5-industry-structure-and-competition-analysis-15-638.jpg?cb=1354893588