What characteristics or conditions must be present for perfect competition to exist?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
The four conditions for perfect competition are 1 There must be numerous sel...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Lobbying for Car Import Taxes: In exercise 26.8, we investigated the incentives of existing car companies to deter entry of new companies through lowering of car prices. When the potential new car...
-
Apple never stops reinventing both design and technology to remain competitive around the world. Its iPod has become an icon, holding an impressive 70 percent share of the U.S. market for digital...
-
Demand for microprocessors is given by P = 35 - 5Q, where Q is the quantity of microchips (in millions). The typical firms total cost of producing a chip is Ci = 5qi, where qi is the output of firm...
-
Let z(k) denote the k-year continuously compounded zero-coupon yield for the current term structure. You are given that z(1) = 0.035, z(2) = 0.041, z(3) = 0.045, z(4) = 0.049, z(5) = 0.051, z(6) =...
-
When compound A is heated, two isomeric products are formed. What are these two products?
-
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: a. Within the dorm...
-
Refer to the sample statistics from Exercise 5 and determine whether any of the house prices below are unusual. Explain your reasoning. (a) $225,000 (b) $80,000 (c) $200,000 (d) $147,000 Data from...
-
Many multidivisional firms do not report revenues or profits by division or segment in their Form 10K or Annual Report. What are pros and cons of this management practice? Discuss.
-
Research Chipotle In a document what are chipotle internal strengths and internal weaknesses? What are some market opportunities and market threats? What is chipotle strategy? If you are introducing...
-
PM Computers is an international manufacturer of computer equipment and software. It is going to introduce a number of new products in the coming year, and it wants to develop marketing programs to...
-
In what ways is the New York Stock Exchange similar to a perfectly competitive market?
-
Why does the individual seller have no effect on the market price under conditions of perfect competition?
-
A government report forecasts both higher inflation and higher interest rates in the future. Yvette needs to borrow money in six months. What can she, as a future borrower, do now to protect herself...
-
Describe what is currently meant by "diversity" as it relates to business? Briefly explain what business operations can be linked to diversity (at least three). Identify and explain three ways in...
-
Humpty and Dumpty, residents of Miami, Florida, had a nasty incident involving a wall, a fall and a broken egg, in which both parties got hurt. Humpty and Dumpty ended up suing each other in Florida...
-
Select all that apply Select the following statements that are correct regarding Dividends? (Check all that apply.) Multiple select question. Dividends are closed into retained earnings by debiting...
-
The following information is taken from the financial statements and audit working papers of Eldridge Asset Sales Inc. ("EASI") for its fiscal year ended December 31, 2020. Eldridge Asset Sales Inc....
-
As a company policy, Kelvin Appliance Corp. periodically grants foreign entities the right to produce and sell its products in return for a royalty fee on every unit sold. Kelvin Appliance Corp.'s...
-
The contour map shows the average maximum temperature for November 2004 (in 8C). Estimate the value of the directional derivative of this temperature function at Dubbo, New South Wales, in the...
-
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
-
Explain how the U.S. government managed to accumulate a debt of over $9 trillion. To whom does it owe this debt? Is the debt a burden on future generations?
-
Comment on the following: Deficit spending paves the road to ruin. If we keep it up, the whole nation will go bankrupt. Even if things do not go this far, what right have we to burden our children...
-
Explain the difference between crowding out and crowding in. Given the current state of the economy, which effect would you expect to dominate today?
-
Multiplication of signed operands, which generate a double-length product in the 2's-complement 100 11 MULTIPLICAND (-13) 0 10 1 1 MULTIPLIER (+11) number system. The general strategy is the...
-
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
-
John estimated the following cash flows (in $) for a project: A B 1 Year Cash flow 2 0 -5,700 3 1 1,325 4 2 2,148 5 3 3,528 The required return for the project is 8%. What is the IRR for the project?
Study smarter with the SolutionInn App