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Can perfect competition achieved by Electronic Commerce?
Essay specific features
Written by:
Kristi C
Date added:
December 6, 2013
Level:
University
Grade:
B
No of pages / words:
9 / 2461
Was viewed:
6015 times
Rating of current essay:
Essay content:
We all directly or indirectly involved in the variety of processes of the new, on-line, knowledge-based economy. Kehal and Singh (2005, p.3) also state that the essential elements of digital economy is digitalization and intensive use of information and communication technologies (ICT); codification of knowledge; transformation of information into commodities and new ways of organizing work and production (Kehal and Singh, 2005, pp3)...
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This implies that more and more products and services are available online. Is the increasing number of commodities available and information accessible online take us to a theoretic market in a perfect competition environment?
Some commentators argue that the Information technology will lead to the Perfect Competition in the new digital age...
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