section one

244.Name the characteristics of the model of perfect competition is

245.Name characteristic of a perfectly competitive market is that

246. provide a statement that well describes the behavior of firms in the model of perfect competition?

247.Firms in perfectly competitive markets are often described as

248.In a perfectly competitive market, we expect to see

249.Suppose the market for wheat is perfectly competitive. The demand for any one producer's wheat is

250.If the market for geezums is perfectly competitive, the market demand curve for geezums is __________,

while the demand curve for any one firm's output of geezums is __________.

251.Assume that the market for beans is perfectly competitive. If the market demand for beans increase, the

__________ demand for each perfectly competitive grower of beans will _________.