What conditions must exist for a firm to be regarded as a perfect market structur 2.3. Explain how the existence of perfect market impact producers. (2x2 1.5 Examine the consequences of an increase in the demand for a firm's product in a erfect competitive market. (4x2 QUESTION 3 TOTAL MARI MARKET FAILURE 3.1. Application of cost benefit analysis/example in South COST BENEFIT ANALYSIS EXAMPLE A decision has to be made on the project to choose. The South African government to build a school and a clinic, apply cost benefit analysis on these two projects. School Clinic
