Between 1999 and 2007,the behavior of firms in the trucking industry closely matched the outcome predicted by the model of perfect competition.

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During this period, the trucking industry experienced significant deregulation, increased competition, and technological advancements, leading to conditions such as many buyers and sellers, similar products, and easy market entry and exit, which closely align with the characteristics of perfect competition.

Between 1999 and 2007,the Behavior of Firms in the Trucking