« previous next »

Author Question: If pure competition doesn't exist in the real world what is the implication for the shape of the ... (Read 104 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
If pure competition doesn't exist in the real world what is the implication for the shape of the demand curve that real-world firms would face?
 
  What will be an ideal response?

Question 2

Which of the following classifications is correct?
 
  A. City streets are consumption goods because they wear out with use.
  B. Stocks are capital goods because when people buy and sell them they make a profit.
  C. The coffee maker in the coffee shop at an airport is a consumption good because people buy the coffee it produces.
  D. White House security is a government service because it is paid for by the government..


rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

If pure competition doesn't exist then real-world firms would actually face a downward-sloping demand for their product.

Answer to Question 2

D Answer D is correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c
In 2007 acclaimed filmmaker Ken Burns released a documentary on World War II that triggered an angry ... In 2007 acclaimed filmmaker Ken Burns released a documentary on World War II that triggered an angry ...
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Diversity Amid Globalization: World Regions, Environment, Development Diversity Amid Globalization: World Regions, Environment, Development
A container in the shape of a right circular cylinder with no top has surface area square feet. A container in the shape of a right circular cylinder with no top has surface area square feet.
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library