Answer: c
Explanation: I think i'm right but not sure.
Answer:
Firms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product being bought and sold; and (4) firms can enter and leave the market without any restrictions—in other words, there is free entry and exit into and out of the market.
Explanation:
A perfectly competitive firm is known as 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. When a wheat grower, as discussed in the Bring it Home feature, wants to know what the going price of wheat is, he or she has to go to the computer or listen to the radio to check. The market price is determined solely by supply and demand in the entire market and not the individual farmer. Also, a perfectly competitive firm must be a very small player in the overall market, so that it can increase or decrease output without noticeably affecting the overall quantity supplied and price in the market.
A perfectly competitive market is a hypothetical extreme; however, producers in a number of industries do face many competitor firms selling highly similar goods, in which case they must often act as price takers. Agricultural markets are often used as an example. The same crops grown by different farmers are largely interchangeable. According to the United States Department of Agriculture monthly reports, in 2015, U.S. corn farmers received an average price of $6.00 per bushel and wheat farmers received an average price of $6.00 per bushel. A corn farmer who attempted to sell at $7.00 per bushel, or a wheat grower who attempted to sell for $8.00 per bushel, would not have found any buyers. A perfectly competitive firm will not sell below the equilibrium price either. Why should they when they can sell all they want at the higher price? Other examples of agricultural markets that operate in close to perfectly competitive markets are small roadside produce markets and small organic farmers.
1- Persona que pertenece a tu misma familia, pero no por consanseguineidad, sino por haberse casado con alguien que sí es familiar de sangre. 2- Persona que se acerca a otra por interés, para conseguir un beneficio. Él es arrimao.
Answer:
Overall enrollments in higher education have more than doubled since the end of the apartheid system in South Africa in 1994, when a reported 495,000 students were enrolled in higher education. ... In addition, there were as many as 119 private higher education institutions, including a number of theological seminaries.
Explanation:
:-)
The area is Caribbean Islands
The Caribbean island refers to the large archipelago located in the Caribbean sea. It was one of the areas that the Spanish established their first oversea colony. However the native Indians who were to provide labor sharply declined in population as a result of diseases. It resulted to the shipping of slaves from Africa, and introduction of new crops.
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