Which of the following characteristics is most important in differentiating between perfect competition and all other types of markets?
A) whether or not the product is standardized
B) whether or not there is complete market information about price
C) whether or not firms are price takers
D) All of the above are equally important.
Question 2
If the demand curve for a good is unit price elastic and the supply curve is perfectly price elastic, a 1 specific tax imposed on the sellers of this good will
A) shift the supply curve up vertically by 1.
B) shift the demand curve down vertically by 1.
C) not raise price at all.
D) cause price to increase but by less than 1.
Polyploidy has been an important factor in the evolution of plants.
Examples of structures in which extensive surface area is important for function.
Dominance relationships among individuals play an important role in many primate societies.
It is important that parents repeat safety rules to preschoolers and monitor compliance with rules.
It is important for new employees to know the location of all fire extinguishers. (B) Aim low toward ...
Hydrolysis reactions for some biochemically important phosphate compounds (part 1)