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.
Answer: he Chinese Communist Revolution, led by the Communist Party of China and Chairman Mao Zedong
Explanation:
The textbook recommends a study method called <u>SQ3R</u> that emphasizes active processing.
Active processing refers to sets of processes in which a learner acts on academic inputs to generate, re-arrange, self-provide an explanation for, or in any other case goes beyond the encoding of the provided cloth. active processing in studying or trying out can also result in more learning.
As the research look at confirmed, an exercise wherein people ought to charge or rank matters promotes energetic processing. So, for instance, in case you gift managers with five ways to inspire personnel, have the managers rank the techniques as of importance, or pick out which of them they plan to attempt first.
SQ3R is a studying comprehension approach named for its five steps: survey, question, read, recite, and review. follow the steps underneath to learn how to glean as a lot of records as viable from the text necessities from any class. keep in mind: The statistics you benefit from reading are essential.
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Answer: Gender reassignment
If the case of David Reimer is followed, surgery could be performed to reassign the baby boy's gender as a girl and raised that way.
This solution is not foolproof because psychological problems could develop as the child grows into adulthood.
