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.
A. Ida B. Wells
He urged African Americans to protest by refusing to ride street-cards, to stop buying from white owned stores and only buy from black owned stores
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Because the power of judicial review can declare that laws and actions of local, state, or national government are invalid if they conflict with the Constitution. It also gives courts the power to declare an action of the executive or legislative branch to be unconstitutional.
Answer:
Race, for a long time, was a concept that was accepted, not only by the scientific community, but also, by society at large.
With time, the concept of human race was found to be a biological myth, a social construct, and while this kind of thinking is true in the scientific community, in society, many people still believe that human races are real.
Explanation:
