1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly_w [17]
1 year ago
12

What are the likely reasons that the market for dress shirts is not perfectly competitive?

Social Studies
1 answer:
Vaselesa [24]1 year ago
7 0

the likely reasons that the market for dress shirts is not perfectly competitive are<u> dress shirts are not a standardized (homogeneous) product.</u>

<h3>What is being perfectly competitive?</h3>

A perfectly competitive market, often referred to as an atomistic market, is defined by multiple idealizing criteria, which are together referred to as perfectly competitive, or atomistic competition, in general equilibrium theory.

It has been shown in theoretical models with perfectly competitive that a market will find equilibrium when the amount supplied for each good or service, including labor, equals the amount sought at the current price.

A Pareto optimal equilibrium would be this one. Perfectly competitive marketplaces are not always productively efficient in the short run because the output does not always occur where marginal cost and average cost are equal.

Long-term productive efficiency, however, comes about as new businesses enter the sector. Price and cost are lowered to the minimum of long-term average costs due to competition.

To learn more about perfectly competitive with the given link

brainly.com/question/13961518

#SPJ4

You might be interested in
Describing heidi, sue ryan says her boss "knows what she has to offer and is confident with it." from this observation, you lear
elixir [45]
<span>The fact that Ryan describes Heidi with the words:  "Her boss  knows what she has to offer and is confident with it."</span> means that Heidi is likely to have the potential to be a transformational leader and  is likely to be a transactional leader. Besides confidence, you will want to develop high ethical standards,ability to contribute, willingness to work without asking for feedback.

4 0
3 years ago
Models can be used to obtain information about scientific processes and objects that may be difficult to study in real life. Whi
Nataly [62]

distance each planet is from one another

distance of lightyear(lightspeed) per minute or hour

5 0
3 years ago
Read 2 more answers
Who vastly expanded Persian territories
o-na [289]
Cyrus The Great and Darius the Great Expanded Persian Territories establishing the Achaemenid Empire, which was the largest the world has ever seen
4 0
3 years ago
Read 2 more answers
Imagine that you are a sociologist studying the functions and purposes of various social institutions in the social structure. E
lubasha [3.4K]

The primary functions and purposes of the following social institutions can be summarized below.

<h3>What are social institutions:</h3>

Social institutions are groups of persons who come together for a common purpose.

Examples of social institutions, including their purposes or functions, are:

1) Education transmits knowledge and impacts skills to the younger generation.

2) Religion shows the proper and inspired way of life in a given culture.

3) Voluntary Associations exist to inculcate the culture of caring for your neighbors without expecting an immediate reward.

4) Governments are instituted to protect the life and property of the citizens and others residing in a community.

5) Family provides the social fulcrum for the sustenance of human life.

Thus, the primary functions and purposes of the following social institutions have been summarized.

Learn more about social institutions at brainly.com/question/24171124

#SPJ1

4 0
2 years ago
The testing step in the design process of a new product make sure that everyone can use the product
givi [52]
That step is called screening.
4 0
3 years ago
Other questions:
  • In 2016, two California men were charged with involuntary manslaughter after a fire at their dilapidated warehouse killed 36 peo
    10·1 answer
  • Understandable meaning for monastery?
    6·1 answer
  • A researcher finds that people who work in a fish processing plant, doing work that most people find extremely unpleasant, still
    13·2 answers
  • Andrew is getting ready for a group interview for a job he really wants. The group session will take place at the beginning of t
    6·1 answer
  • What is the category of hurricane cristobal
    11·2 answers
  • Logan just sat down to work on his term paper when his friends call and invite him to a party. If Logan decides he will only go
    8·1 answer
  • Can you pl help me with this
    11·1 answer
  • Hiii please help i’ll give brainliest:)
    6·2 answers
  • discuss the negative effects of conflict avoidance in dealing with conflict among family members discuss the negative effect of
    12·1 answer
  • Which amendment established presidential term limits?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!