This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The closest example of a perfectly competitive market is (Read 109 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Apr 19, 2019

Question 1

A firm in a perfectly competitive market has no control over price because


◦ the government imposes price ceilings on the products produced in perfectly competitive industries.
◦ there is free entry and exit from the industry.
◦ every firm's product is a perfect substitute for every other firm's product.
◦ the market demand for products produced in perfectly competitive industries is perfectly elastic.

Question 2

The closest example of a perfectly competitive market is


◦ fast foods.
◦ beer.
◦ gasoline stations.
◦ soybeans.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by misspop on Apr 19, 2019

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


misspop

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Apr 19, 2019
Excellent


blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth. False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth.
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Stock Market Question Stock Market Question
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library