Kehoe SheaDec 31, 2021 · 3 years ago8 answers How does the concept of perfect competition apply to the cryptocurrency industry?
In what ways does the concept of perfect competition apply to the cryptocurrency industry? How does the presence of numerous cryptocurrencies and exchanges affect the level of competition? How does this competition impact market efficiency and pricing? How do factors such as low barriers to entry, ease of information dissemination, and decentralized nature of cryptocurrencies contribute to the concept of perfect competition?