At university, I teach a course entitled “basic economics of competition law“.
Last week, I told my LL.M. students that there are only few real life examples of the perfect competition model.
I also told them that the “perfect competition” entry in Wikipedia only mentioned street food in Asia.
If I had to think personnally of additional illustrations, the only examples that sprung to my mind were:
- Le Carré in Liège => the city centre area where students get d***k on the WE
- The Kebab street close to the Grand Place in Brussels => the city centre area where people rush at night after they got d***k
Since then, one of my LL.M. students has apparently updated the Wikipedia entry :).