abscutiepie9579 abscutiepie9579
  • 16-01-2020
  • Business
contestada

What are the three conditions for a market to be perfectly​ competitive? For a market to be perfectly​ competitive, there must be

Respuesta :

jepessoa
jepessoa jepessoa
  • 16-01-2020

Answer:

There are 4 conditions that make a market to be perfectly competitive:

  1. There must be a large number of buyers and sellers, and each one must be relatively small.
  2. All the sellers produce identical products or services.
  3. There are no barriers for entry or exit.
  4. All the buyers and sellers are price takers, no one can set the price at their own will.

Answer Link

Otras preguntas

8 Select the correct text in the passage. Which THREE lines in this excerpt from "Song of Myself" by Walt Whitman indicate that all human beings are equal in th
a fence is 702 m long. it is cut into three parts. two parts are the same length and the third is 27 m longer than either of the other two. find the length of e
What is the slope of the line?
What are some of the health risks associated with abusing prescription drugs?
The increased amount of ____ elements during Earth’s early stages of formation generated a greater amount of heat energy. A. Non-metallic B. Metallic C. Unst
Find the life insurance premium on $20,000 at $28.14 per $1,000.
What type of region would be the Bible Belt in the south be
What is Achilles best known for?
Bc=11x+888, AB=53, and AC=5x+473. FIND BC CAN SOMEBODY HELP ME WITH THIS PROBLEM??
Evan has 15 yards of green felt and 12 yards of blue felt to make three quilts if Evan uses the same total numbers of yards for each pill how many yards does he