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.
Patriots had a stronger argument
Answer:
- There are more single-parent families.
- The population has become "more diverse".
- The population is growing older in general.
Explanation:
In the United States, the recent demographic style display that there has been a significant rise in the number of 'single-parent families' <u>due to an increased rate of divorces and decisions of the non-marital bearing of the child</u>. While the diversity amongst the population has increased due to the modern and broad mindset that allows the groups to settle down themselves in the US.
These trends also display that the <u>average age of the individual is increasing day by day due to awareness among people towards family-planning causing a reduction in the birth rate while the life expectancy rate has significantly increased</u> due to the development of hi-tech medical and healthcare facilities.
The answer is option D "a document made by someone who actually saw an event." A primary source would be like a witness during a event. They can give reliable information on what happened during that event. Main primary sources are: documents, pictures or photographs, and objects that can explain what happened during a event.
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Answer:
Option B. In Humid subtropical Native Americans lived
Explanation:
Subtropical Humid climate is found along the Atlantic coast and it extends up to the Gulf of Mexico.
The summers are too penetrating and sultry and the winters are too cold or mild in regions of Subtropical Humid climate. The day light is immense in summers whereas the winters are too cold in which the temperature may reach up to a single digit and sometimes lower than the freezing point.
Such a climate is found mostly in coastal regions of south east America. In such region the level of precipitation or humidity in the climate is high.