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Lyrx [107]
3 years ago
8

Describe characteristics and give examples of perfect competition

Social Studies
1 answer:
kvv77 [185]3 years ago
4 0
Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are: 

1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services. 
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.

There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets. 
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1. This means translating information into a message in the form of symbols that
labwork [276]

Answer:

encoding.

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

The linear model of communication comprises of four (4) main components and these are;

1. Sender (S): this is typically the source of information (message) or the originator of a message that is being sent to a receiver. Thus, they are simply the producer of a message.

2. Channel (C): this is the medium used by the sender for the dissemination or transmission of the message to the recipient. For example, telephone, television, radio, newspapers, billboards etc.

3. Message (M): this is the information or data that is being sent to a recipient by a sender. It could be in the form of a video, audio, text message etc.

4. Receiver (R): this is typically the destination of information (message) or the recipient of a message that is being sent from a sender.

Encoding can be defined as a process in which a sender translates an information into an encrypted message in the form of symbols that represent ideas or concepts.​

Hence, when a message is encoded by the sender, it requires a recipient to decode it for the communication process to be complete.

Additionally, the order of communication in a linear model are;

I. A sender sends a message to the receiver (recipient) through a transmitter.

II. The message is converted by the transmitter into a signal through encoding.

III. The encoded signal then travels through a communication channel or medium.

IV. At the receiver, the signal is then decoded using a decoder

V. Finally, the decoded message is sent to the destination.

7 0
3 years ago
When King Maghan<br> was<br> dying, he gave his best griot to whom?
Marysya12 [62]

Explanation:

Dying, King Maghan gives Balla Fasséké, the son of the king's own griot, to Sundjata as a gift, still honoring the prophecy. Sassouma now has taken control of the throne, and insults Sogolon and her son often. One day, when Sogolon cries from these insults, Sundjata says, "Cheer up, Mother.

Hope It Helps You.

3 0
3 years ago
Elizabeth's boss removes her from a project team working on an important presentation because of repeated tardiness. Her respons
Colt1911 [192]

This is an example of negative problem-focused coping.

<u>Coping mechanisms </u>are the strategies people often use in the face of stress and trauma to help manage painful or difficult emotions.

In this case, Elizabeth attempts to divert the focus from the real problem with an unproductive solution.

 

<u>Elizabeth should focus on a productive solution, and accept her percentage of the blame to achieve personal and professional growth. </u>

Every day we are faced with problems, challenges and obstacles, otherwise known as stressors, which result in stressful situations. Individual coping strategies are crucial to how a person experiences these stressors.


7 0
3 years ago
Dr. Jones conducted a study on flirting where he was able to produce the same results with consistency time after time. However,
BartSMP [9]

His study was found to have a problem with <u>"validity".</u>


Conclusions drawn from analyzing study information are just satisfactory to how much they are resolved valid. validity is utilized to decide if look into measures what it planned to quantify and to surmised the honesty of the outcomes. Scientists regularly utilize their own definition with regards to what is viewed as substantial. In quantitative research testing for validity and reliability is guaranteed.

3 0
3 years ago
15th and 16th Century Changes in Society The Bible is translated into many new languages. The Protestant Reformation spreads thr
andrew11 [14]

Answer:

The Protestant Reformation spreads throughout Europe.

Explanation:

Nothing this would be possible if the Protestant Reformation didn't spread across Europe. According to the Protestants, the Bible should be read in the common language, science was not bad or mystical, but something that could explain God's presence on Earth, medicine practices became common among the people. Protestants changed almost everything in society.

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3 years ago
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