C) Why is perfect competition not found in real markets? Which is worse, monopolies or competition? Explain. Explain the difference between a monopoly and monopolistic competition. Compare monopolistic competition and pure competition in terms of normal profits in the ...
C) Why is perfect competition not found in real markets? Explain factors that might detract from a firm's ability to achieve perfect competition. Define: - Perfect Competition. - Average Variable Cost. - Average Total Cost. In what ways is a ...
Perfect competition defines the state of markets. In economics, perfect competition refers to a market with no dominant supplier that can influence the market. It speaks to the ultimate form of a fair market. Create an account to start this course today ...
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What is perfect competition in economics? Perfect competition defines the state of markets. In economics, perfect competition refers to a market with no dominant supplier that can influence the market. It speaks to the ultimate form of a fair market.Create...
a mortgage is effective and enforceable even if it is never recorded in the real estate records. If a third party, such as another lender, loans money to the debtor and records its own mortgage, then the second lender will have first rights in the property. The recordation of the mortgage...
a我们要处理好人际关系 We must deal with the good interpersonal relationship[translate] a大熊猫 Okuma cat[translate] aPerfect competition serves as a benchmark against which to measure real-life and imperfectly competitive markets. 完善的竞争担当测量真实和不完美地竞争市场的基准。[translate]...
Why are competitive markets considered more efficient than monopolistic markets? Give economic reasons. Give a real-life example of a market that tends to be competitive and one that tends to be mon Explain how natural monopolies are efficient or inefficient. ...
Perfect competition or pure competition is an idealized market condition where many sellers compete to offer the best prices and large sellers have no advantages over smaller ones. Perfect competition rarely occurs in real-world markets but it provides a useful model for explaining how supply and de...
Thestartupcosts for companies in this space were minimal, meaning that startups and companies can freely enter and exit these markets. Technologies, such as PHP and Java, were largely open-source and available to anyone. Capital costs, in the form of real estate andinfrastructure, were not n...