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

Author Question: Which of the following is a feature of perfect competition? A) Customers have few viable ... (Read 21 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
on: Jul 6, 2018
Which of the following is a feature of perfect competition?
 
  A) Customers have few viable substitutes available and are less responsive to changes in price.
  B) Companies can differentiate their products.
  C) Any one company has little to no influence on price.
  D) A very few companies dominate the market.
  E) Dominating companies can set the price by controlling the quantity produced.

Question 2

Which of the following is most likely to be characterized by perfect competition?
 
  A) the market for shoes
  B) the market for autos
  C) the market for fish products
  D) the retail trade
  E) local utilities


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

C


anjilletteb

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
Excellent

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Connell's experimental manipulation of species indicated the presence of competition. Connell's experimental manipulation of species indicated the presence of competition.
Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Many gasoline service stations have signs posted warning customers to place plastic fuel containers ... Many gasoline service stations have signs posted warning customers to place plastic fuel containers ...
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library