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choli [55]
2 years ago
8

Strictly speaking pure competition is relatively rare. then why do we study it

SAT
1 answer:
ivanzaharov [21]2 years ago
3 0

The study of pure competition in economics is because it describes a perfect situation of low-cost production and allocative efficiency which serves as a criteria of comparison.

<h3>What is pure competition in economics?</h3>

Pure competition in economics is the study of the marketing situation in where a large number of sellers of a similar product such that no significant influence on price is produced by any one firm.

The study of pure competition serve as as basis of comparison as it produces ideal results.

In conclusion, pure competition serves as a criteria for comparison.

Learn more about pure competition in economics at: brainly.com/question/1964924

#SPJ1

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The price of a coat is marked down 35%. The original price was $127. What is the sale price of the coat?.
Serhud [2]

Answer:

$82.55

Explanation:

127 - (0.35 x 127) = $82.55

6 0
3 years ago
Compare and contrast irish and chinese railroad workers.
Zielflug [23.3K]

Answer:

They speak different languages.

Explanation:

They live in different areas.

7 0
3 years ago
A force of 150 n is being applied over an area measuring 0. 50m^2. Calculate the pressure on the object ensuring you give the co
Marta_Voda [28]

Given:-

Force , F = 150 N

Area on which force act ,A = 0.5m²

To Find:-

Pressure ,P

Solution:-

Pressure = Force/Area

•P = F/A

Substitute the value we get

→ P = 150/0.5

→ P = 150×10/5

→ P = 1500/5

→ P = 300 Pa.

Therefore, the pressure acting on the object is 300 Pascal.

Additional Information!!

• Product of mass and acceleration is called force.

⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀OR

• Push or pull of an object is called force.

• SI unit of Force is Newton.

• It is denoted by N.

• Force is vector Quantity i.e., both Magnitude and direction.

• Mathematical term

• Force = Mass×Acceleration

4 0
3 years ago
A fair coin is flipped 10 times and lands on heads 8 times. Provide a reason to justify the difference between the experimental
krek1111 [17]

Answer:

Explanation:

The experimental probability will be different because the chance of it happening doesn't mean it will always happen (which is why people with a 12% chance of life end up making it). This just means it is more likely to happen.

You can flip the coin enough times and things will start to even out

3 0
2 years ago
you are reviewing your financials and find that your enterprising sales manager just sold a gift basket for $72 canadian dollars
Nady [450]

The price of the gift basket in the U.S. dollar was $54.72.

<h3>What is the exchange rate?</h3>

The exchange rate is given as the amount given after deducting the exchange of one currency to another.

The given exchange rate of the Canadian dollar to the U.S. dollar is:

\rm 1\;Canadian\;\$=0.76\;U.S.\;\$

The gift basket sold by the manager was at the cost of $72 Canadian dollar. The exchange price in U.S. dollar is given as:

\rm 72\;Candian \;\$=72\;\times\;0.76\;U.S.\;\$\\72\;Candian\;\$=54.72\;U.S.\;\$

Thus, the price of the gift basket in the U.S. dollar was $54.72.

Learn more about exchange rate, here:

brainly.com/question/14930716

#SPJ1

4 0
2 years ago
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