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Author Question: The conditions for a perfectly competitive market include: (Read 109 times)

Adc3669

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on: Oct 12, 2022

Question 1

The term "perfect competition" refers to
◦ rivalrous behaviour.
◦ a type of market structure.
◦ the most realistic market structure.
◦ ideal economic behaviour.
◦ the most prevalent market structure in a capitalist economy.

Question 2

The conditions for a perfectly competitive market include:
◦ Profits are zero in the short run.
◦ New entrants cannot threaten the position of existing firms.
◦ Firms can control prices.
◦ Firms must employ the newest technologies as soon as they are developed.
◦ Firms behave as price takers.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Adc3669 on Oct 12, 2022

iamkarenvv

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Reply #1 on: Oct 12, 2022
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.
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Adc3669

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

raili21

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Reply 3 on: Yesterday
Excellent

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