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It is a market structure in which many firms all produce the same product. ... Perfectly competitive markets usually deal in commodities because these types of markets require identical products and commodities like paper and oil.
There was a 20% chance that you would be employed as a prostitute if you were a woman in the "Old American West”.
In the Old American West, the mining population was composed of 95% young and male people so a high demand during that time was female companionship. Saloons also doubled as a brothel during this time.
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His steel empire produced the raw materials that built the physical infrastructure of the United States. He was a catalyst in America's participation in the Industrial Revolution, as he produced the steel to make machinery and transportation possible throughout the nation