The market for designer jeans is a good example of a perfectly competitive market.

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The market for designer jeans is not a perfectly competitive market because there are a limited number of brands that dominate the market, creating barriers to entry for new firms. Additionally, the price of designer jeans is often higher than the cost of producing them, which means firms involved in this market can earn economic profits in the long-run, another sign that it is not a perfectly competitive market.

The Market for Designer Jeans Is a Good Example of a Perfectly