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Author Question: The closest example of a perfectly competitive market is (Read 105 times)

misspop

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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
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Marked as best answer by misspop on Apr 19, 2019

blazinlyss

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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.
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misspop

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Reply #2 on: Apr 19, 2019
Excellent


blazinlyss

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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