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 71 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
Wow, this really help

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Competition among Paramecium species. Competition among Paramecium species.
Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Perfect Cubes Perfect Cubes
Interference Competition Interference Competition
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library