FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in the perfctly competive market moudel what is the assumed nummber of firms There can be only one firm for a market to be perfectly

in the perfctly competive market moudel what is the assumed nummber of firms There can be only one firm for a market to be perfectly competitive 21/28 answered There should be two or three firms operating in the market for it to be perfectly competitive There can be upto ten firms in a perfectly competitive market A perfectly competitive market has a very large numbers of firms

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics

International Economics

Authors: Dennis Appleyard, Alfred Field

8th Edition

978-0078021671, 0078021677

More Books

Students also viewed these Economics questions

Question

★★★★★
If f; g F(X) are increasing, then f + g is increasing f is increasing for every 0 Therefore the set of all increasing functionals on a set X is a cone in F(X). Moreover, if f is strictly...

Answered: 1 week ago

Question

★★★★★
3 Discuss ways in which as a potential manager can help manage the creative person. How might they keep them motivated through the fits and starts of writing songs, recording albums, designing logos,...

Answered: 1 week ago

Question

★★★★★
A colleague is proposing to conduct qualitative interviews with 10 participants to understand the causes of stress in the workplace. What are the strengths and weaknesses of this approach?

Answered: 1 week ago

Question

★★★★★
Cousins Salted Snack Company is considering two possible investments: a delivery truck or a bagging machine. The delivery truck would cost $39,287 and could be used to deliver an additional 48,200...

Answered: 1 week ago

Question

★★★★★
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 5.00 2.00 $ 3.00 Total Sales (43,000 units) Variable expenses Contribution margin Fixed...

Answered: 1 week ago

Question

★★★★★
Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to...

Answered: 1 week ago

Question

★★★★★
Solve the Worksheet ce.E 500 6 00 Chan of Accounts 53100 Welcome 2 qooo Transactions General Journal Worksheet Income

Answered: 1 week ago

Question

★★★★★
The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently...

Answered: 1 week ago

Question

★★★★★
The average accident on a certain road section is at 2.4 per day, what is the probability that there will be 12 accidents in a week? A bus company operates both a walk-in and online booking to...

Answered: 1 week ago

Question

★★★★★
Step 3: Analyze and document control plane logical configuration features. Analyze the configurations of the devices for control plane features such as routing protocols, First Hop Redundancy...

Answered: 1 week ago

Question

★★★★★
You have been given a program Lab01_P2.c that computes the prime factorization of a hardcoded integer value. This program does not work in its current state: it has 1 syntax error (this will cause...

Answered: 1 week ago

Question

★★★★★
One of the principal roles of the system architect is to Choose the best answer below: Provide objective evidence that specified requirements have been fulfilled by system elements and integrated...

Answered: 1 week ago

Question

★★★★★
Discuss the role of consumer behaviour in the sharing economy. - Outline latest consumer research on how consumers consume in the sharing economy, and what they (not) value. - What are key marketing...

Answered: 1 week ago

Question

★★★★★
The background knowledge of the interpreter

Answered: 1 week ago

Question

★★★★★
The expert rule: We have more confidence in information presented by someone who is an expert in the field than by someone who is not.

Answered: 1 week ago

Question

★★★★★
How easy the information is to remember

Answered: 1 week ago

Previous Question Next Question