What is a competitive market? Briefly describe a type of market that is not perfectly competitive.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
A competitive market is a market in which there are many buyer...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Briefly describe the type of information that should be in an introduction.
-
Describe the type of change that Holdens leaders are managing.
-
Describe the type of restrictions that may be placed on government revenues. What alternatives should the public administrator examine when met with severe budgeting restrictions?
-
Explain Computer Network Types.
-
How many matrix equivalence classes are there?
-
In Fahrenheit 451, Ray Bradbury writes about firemen whose job it is to burn books. The 451 refers to the temperature \(\left(232.8^{\circ} \mathrm{C} ight)\) at which paper starts to burn. Assume we...
-
The use of statistical sampling in a financial statement audit does not eliminate the need for professional judgment. Required: Identify and explain four areas where judgment may be exercised by an...
-
Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B, where sA and sB denote the number of sheep each grazes on the common pasture. Assume that the benefit per sheep...
-
A wheel of radius 0.50 m rolls without sliding on a horizontal surface as shown. Starting from rest, the wheel moves with constant angular acceleration 8.0 rad/s. What is the distance in traveled by...
-
In a report dated June 17, 2003, Citigroup SmithBarney calculated a WACC for Petrobrs denominated in Brazilian reais (R$). Evaluate the methodology and assumptions used in this cost of capital...
-
On the appropriate diagram, show what happens to the market for pizza if the price of tomatoes rises. On a separate diagram, show what happens to the market for pizza if the price of hamburgers falls.
-
What are the demand schedule and the demand curve, and how are they related? Why does the demand curve slope downward?
-
Use the Direct Comparison Test to determine whether the infinite series is convergent. k=2 k2/9 k10/91
-
A potted plant is attached to the ceiling by a light string. The string suddenly breaks, and the plant begins falling toward the ground. After falling for t = 0.50 s, someone standing just below the...
-
Q6. Calculate the oxide capacitance, the flatband capacitance and the high frequency capacitance in inversion of a silicon n- MOS capacitor with a substrate doping N = 1017 cm, a 20 nm thick oxide (...
-
1. Consider a particle of mass m and mechanical energy & moving in the potential U (x) U cosh(x/a)' where u and a are positive constants. (b) Now consider the motion of a particle incident on the...
-
Step 1: Choose one of the following topic/questions sets to answer, remember you only need to answer one of the following sets - not all of them: *** SHOW ALL YOUR WORK*** Topic/Question #1 - Choose...
-
The figure shows the demand curve, the corresponding marginal revenue curve, and the cost structure for a monopoly that cannot price discriminate. Now suppose the monopoly has the ability to practice...
-
As discussed in this chapter, considerable attention has been given to describing cultures on the basis of a collective-individual continuum. In considering the extreme poles of the continuum, is it...
-
On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...
-
Explain the concept of transfer pricing.
-
Think in terms of market share and variety of goods. The ability or inability of firms to enter an industry differentiates the monopoly from a monopolistically competitive industry. Explain.
-
What is the relationship between cross elasticities of demand and the identification of specific goods to specific markets?
-
What is a natural monopoly? Give two examples of monopolies you consider natural.
-
A horizontal force of 5 newton is applied to a 2 kg block initially at rest on a rock horizontal surface. what is it's acceleration if the coefficient of friction is 0 . 2 ?
-
An equilateral triangle, as the drawing shows. The magnitude of each of the charges is 4 . 5 ???? ???? , and the lengths of the sides of the triangle are 1 . 5 ???? ???? . Calculate the magnitude of...
-
James and Esther Johnson are husband and wife and file a joint return. They live at 45678 S.W. 112th Street, Homestead, FL 33033. James, who is 67 years old (date of birth 12/14/1954), is retired and...
Study smarter with the SolutionInn App