Two characteristics of perfect competition are perfect mobility and perfect knowledge. Make up an example of each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
Perfect mobility Lets say that in a large city there are tho...View the full answer
Answered By
Niala Orodi
I am a competent and an experienced writer with impeccable research and analytical skills. I am capable of producing quality content promptly. My core specialty includes health and medical sciences, but I can competently handle a vast majority of disciplines.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If the government were to decide to limit the number of propane distributors to a handful of firms, would the propane-distribution industry still satisfy the characteristics of perfect competition?...
-
Go to the Global Economic Crisis Resource Center. Select Global Issues in Context. In the Basic Search box at the top of the page, enter the phrase "Green Shoots." On the Results page, go to the...
-
Multiple Choice Questions: 1. Monopoly is unlike perfect competition in that a. A monopolists price is greater than marginal cost. b. There are no barriers to entry into a monopoly industry. c. A...
-
For this final discussion board, please reflect back on your accounting courses and answer the following questions: 1. Which course in the accounting program did you find to be the most difficult? 2....
-
For a population that is left skewed with a mean of 24 and a standard deviation equal to 15, determine the probability of observing a sample mean of 23 or more from a sample of size 32.
-
Recall the travails of Agatha, from the previous chapter. She had to travel 1,500 miles from Istanbul to Paris. She had only $200 with which to buy first-class and second-class tickets on the Orient...
-
= 1022, = 144, n = 360 A population has a mean and a standard deviation . Find the mean and standard deviation of the sampling distribution of sample means with sample size n.
-
What qualifications should the systems analysis team be looking for when hiring their new ecommerce development team member? Is it more important to know specific languages or to have an aptitude for...
-
You are a twenty year veteran company level fire officer (Level I and/or Level II as identified in Table 2-3 of the course textbook [Lieutenant or Captain]) in a career fire department assigned to an...
-
In a sample survey of professors at the University of Nebraska, 94% of them described themselves as above average teachers. (a) What is the sample? What is the population? (b) Based on the...
-
Does the perfect competitor always break even in the long run? Explain why or why not.
-
Are very large firms economically justifiable? What are the pros and cons of bigness?
-
The deflection curve for a cantilever beam AB (see figure) is given by the following equation: (a) Describe the load acting on the beam. (b) Determine the reactions RA and MA at the support. dox...
-
Describe the two optimal matches for quality and price. Describe the two optimal matches for promotion and distribution?
-
The company earned $ 1 8 0 0 , in additional interest revenue during December that has not yet been recorded. The cash will be received during January. What would the = SE + L equation look like at...
-
How are strategic decisions, such as drilling or not drilling for oil and shale gas, made?
-
What types of cases and situations would lead a prosecutor to begin the process via Preliminary Hearing?
-
Why do you think some employees' behavior might not match up with the organization's guidelines at times?
-
Problems 6776 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Is the...
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
In the context of solid-liquid extraction, how do particle size distribution, porosity, and surface area of the solid matrix impact extraction kinetics and overall efficiency? Provide examples of...
-
Discuss the challenges and opportunities associated with the extraction of bioactive compounds from natural sources using environmentally benign solvents and green extraction techniques, such as...
-
The driver of a car traveling at 31.9 m/s applies the brakes and undergoes a constant deceleration of 1.12 m/s 2 . How many revolutions does each tire make before the car comes to a stop, assuming...
Study smarter with the SolutionInn App