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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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Answer:

The Romans discovered the Silk Road as they expanded their territory into Greece and the eastern Mediterranean.

Explanation:

The Silk Road was a trade route by which goods flowed between east and west.

8 0
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1. Is a hot dog a sandwich? <br> 2. is cereal a soup?
svp [43]
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7 0
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What did miners in California find in the blue sand and sticky soil that caused them problems when searching for gold?
shutvik [7]
The California miners found silver in the blue sand and sticky soil which caused problems because they were primarily looking for gold and there was a lot of silver in the way. 
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Which of the following statements is not a description of comets? They are small icy bodies. They vary in size and shape. When t
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I believe its D.....

6 0
3 years ago
Read 2 more answers
Josef, a high school student, tells his therapist that he has had a recurring dream in which hehunts and kills a ferocious tiger
astra-53 [7]

Answer:

B.latent                            

Explanation:

According to Sigmund Freud, there are two distinct types of dream content including, manifest content and the latent content. He argued that an individual's dream represents his or her disguised fulfillment or completion of a particular repressed wish and it provides the way of understanding the unconscious feelings or activities of an individual's mind.

Latent content: In psychology, the term latent content is defined as an individual's hidden dream aspect that describes a psychological meaning of his or her dream. It generally appears in a symbolically disguised way. The latent content of an individual's dream encompasses things that are hidden from the person's conscious awareness.

In the question above, the statement signifies the latent content of Josef's dream.

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