Answer:
The use of factories for production.
New technology and machines.
Increased production of crops.
A decrease in available capital.
Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be a price taker because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
Answer:
Between about 800 and 400 BC
A period of severe dust storms that greatly damaged the ecology and agriculture of the U.S. and Canadian prairies during the 1930s
C. population
There are more representatives in the court for areas that are more densely populated so that the population/representative ratio remains comparative.
