5) Which of the following is the best example of a perfectly competitive market? A)diamonds B) athletic shoes C) soft drinks D) farming

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Q: What are the two essential characteristics of a competitive market?

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A: In perfect competition, there are large number of buyers and sellers and each firm sells identical…

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A: Perfectly competitive does not exist in reality. It is theoretical possibility of a market with the…

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Q: What are the characteristics of a perfectively competitive market?

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Q: Use the following demand-and-cost information vis-à-vis three firms: Firm A, Firm B, and Firm C…

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A: There is no barrier to entry in a perfectly competitive market

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A: Perfectly competitive market is a form of market hypothesis which follows no cost of transactions…

Q: Hi there. can you please assist on the following question  1. Describe any four requirements for a…

A: Answer: Perfectly competitive goods market: It is a type of market where there is a large number of…

Q: explain four assumptions of perfectly competitive mar

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Q: What are the Characteristics of a Purely Competitive Market?

A: Characteristics of a Purely Competitive Market:   The Purely competitive market is the market…

Q: Which of the following examples comes closest to a perfectly competitive market

A: Perfect Competition : It is a market form where there are large number of buyers and sellers selling…

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A:

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A: Competition is a feeling of rivalry that takes place between the firms.

Q: List the requirements for a perfectly competitive goods market.

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A: A perfectly competitive market is the market in which there are lots of buyers and sellers, buying…

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A: Perfect competition is a market condition there is a large number of buyers and sellers selling an…

Q: 2. List the features that characterize a perfect competitive market.

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A: Given that:- Qs = 8*P Qd = 100 - 2*P   At equilibrium:- Demand function = Supply function

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A: Perfect competition is a business system where a homogeneous commodity is sold by several firms. As…

Q: 31. Which of the following is the best example of a perfectly competitive market? a. soft drinks b.…

A: Perfectly competitive market is characterized by the • many sellers  and many buyers • homogeneous…

Q: What is special about a purely competitive market?

A: A perfectly competitive market is the market in which there is perfect competition amongst buyers…