Look at the market for coins auctioned on eBay. Go to https://www.ebay.com/ then click on “Coins and Paper Money” under Categories, and select “Coins: U.S.” Then type in “Kennedy half dollar” and click on search. Look at the number of sellers, the difference in the products the sellers are selling, and the prices.
Discuss if you think the market for Kennedy half dollars is competitive. Also discuss why or why don’t you think this market is a perfectly competitive market.
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