It is short of selection
Plsss
The following are attributes of only a competitive market:
price taker
identical products
The following is not an attribute of either markets: few sellers
The following is an attribute of both markets: price is equal to marginal cost
<h3>What is a
competitive market?</h3>
A competitive market is characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. So, buyers and sellers are price takers There are no barriers to entry or exit of firms into the industry.
<h3>What is a monopolistically competitive market?</h3>
A monopolistic competition is when there are many firms selling differentiated products in an industry. The demand curve is downward sloping. it sets the price for its goods and services.
To learn more about monopolistic competition, please check: brainly.com/question/21052250
The people of Aad were an ancient tribe of Saudi Arabia. Their city was known as Iram. The tribe was popular for its cleverness and physical strength and therefore, they are also called giants. They were so strong and intelligent that they could carve mountains and use it as their homes. , the Thamūd were the successors of a previous nation called the ʿĀd, who had also been destroyed for their sins. They lived in houses carved into the surface of the earth. God chose the prophet Ṣāliḥ to warn the polytheistic Thamūd that they should worship the One God.
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