Strictly speaking, pure competition has never existed and probably never will. Then why study it?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
It can be shown that pure competition results in l...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
Question Posted:
Students also viewed these Economics questions
-
Strictly speaking, pure competition is relatively rare. Then why study it?
-
Pure competition or pure monopoly industries will tend to be one-price industries. Monopolistic competition, however, is a multiprice industry. Explain.
-
Why study the theory of perfect competition if no real-world market completely satisfies all of the theorys assumptions?
-
Write mission and vision statements for four companies of youre choosing. Companies like star bucks, southwest airlines, Costco, etc., are examples of ones that have developed effective mission and...
-
Convert the (010) and (101) planes into the four-index Miller-Bravais scheme for hexagonal unit cells.
-
Zero point lattice displacement and strain (a) In the Debye approximation, show that the mean square displacement of an atom at absolute zero is R) = 3hw 2 D /8 2 pv 3 , where v is the velocity of...
-
What are the likely effects of the increasing size and power of multinational corporations on world politics? Will the enormous power of these corporations result in a more homogenous world?
-
A. Russell (birthdate February 2, 1967) and Linda (birthdate August 30, 1972) Long have brought you the following information regarding their income and expenses for the current year. Russell owns...
-
A/ Write a simple java code to calculate factorial of a number (100). B/Write a JAVA code to find the result (using for loop): 20 i=1 (6 marks.) (6 marks.)
-
Lorena likes to play golf. The number of times per year that she plays depends on both the price of playing a round of golf as well as Lorena's income and the cost of other types of entertainment'in...
-
Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of these market classifications does each of the following most...
-
Use the following demand schedule to determine total revenue and marginal revenue for each possible level of sales: a. What can you conclude about the structure of the industry in which this firm is...
-
The manager of Gladstone Ltd is not convinced of the scientific evidence behind climate change, and does not consider it necessary to adopt changes in the companys operations which would decrease its...
-
Why might financial decision-making not take environmental goals into account?
-
Which industry (ie non-finance) sectors would you currently associate with green finance?
-
Of the two scenarios presented in this section, which would you prefer to live and work in: 1. Fast forward, or 2. Slow motion? Why?
-
What might be the challenges for Fairphones business model?
-
Reflecting on the visible effects of climate change outlined above, in what ways do you think the finance sector may have directly or indirectly contributed to them?
-
Agreements to voluntarily limit the volume or value of goods exported to a particular country are known as ______ ______ agreements.
-
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
-
A household refrigerator-freezer sold in the U.S. has a refrigeration capacity of 0.14 ton. The Energy Star label on the refrigerator indicates that it has an EER of 10.8. Determine, a. The power...
-
Build a spreadsheet to find the EAC of each roof in Problem 8-28. Use the GOAL SEEK tool to Excel to find the IRR of the incremental investment to. Data from 8-28 Our cat Fred's summer kitty-cottage...
-
Build a spreadsheet to find the EAW of each lawn- mower in Problem 8-29. Use the GOAL SEEK tool of Excel to find the IRR of the incremental investment. Data from 8-29 Don Garlits is a landscaper. He...
-
For a 12% interest rate, compute the value of F in the following diagram. 200 100 200
-
Five relevant types of power include: coercive, legitimate, reward, referent, and expert. What power do you think you would find most motivating in the workplace? Why? Include an example in your...
-
Assume that you have received notice that you are being interviewed for that job. You now have to prepare for the upcoming interview. Part of your preparation is to plan for how you will respond to...
-
Based on the selected article Behind the Mask: The Politics of Employee Appraisal ,answer the following questions: What is the basic theme of the article? Try to state it in just one or two...
Study smarter with the SolutionInn App