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Therefore, an individual firm in a competitive market is said to face a horizontal, or perfectlyelastic demand curve, as shown by the graph on the right above. This type of demand curve arises for an individual firm because no one is willing to pay more than the market price for the firm...
Highly Competitive Market Examples No real market is perfectly competitive. Even in agriculture, individual firms can differentiate themselves using factors such as convenience, customer service, and marketing. But some market types are much closer to perfect than others. These are considered “highly ...
In economics, a contestable market is a business theory wherein a market has few competitors but has a high threat of entry. As a result, businesses tend to be competitive. This prevents monopoly in the market and ensures the products have competitive prices and quality. For a market to ...
What does “stand out from the crowd” mean? A. be the same as others B. be unnoticed C. be different and better than others D. be shy 相关知识点: 试题来源: 解析 C。“stand out from the crowd”的意思是与众不同且比别人更好,A 选项是和别人一样,B 选项是不被注意,D 选项是害羞。
百度试题 结果1 题目In a perfectly competitive market, what determines the price of the product? A:A:The producers of the product B:B:The members of the supply chain C:C:Market supply and demand.相关知识点: 试题来源: 解析 C 反馈 收藏 ...
What is a monopolistic competition and in what kind of market is it most commonly found? Define monopolistic competition. Explain the differences between perfectly competitive, monopolistic, monopolistic competitive, and oligopolistic markets. What is a competitive market? Briefly describe a type of ma...
A market is a place where buyers and sellers can gather to exchange goods and services. A market can be a real place or a virtual location, such as an online brokerage.
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试题来源: 解析 A。本题考查动词短语理解。“fold up”指倒闭、停业。B 选项“expand rapidly”快速扩张;C 选项“become very successful”变得非常成功;D 选项“remain unchanged”保持不变。A 选项“close or go out of business”关闭或停业,与“fold up”意思相符。