Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be 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.
Answer:D. Corporations
Explanation: Corporations which means Organisation given authority by the state to act as a single business unit or entity. Most countries have several corporations spread across different and diverse sectors of their economy.
Most of the world's affairs are managed by these corporations,it is described as Neocolonialism, as these Corporations determine the flow and wellbeing of the Countries because if their large scale involvement in the economy of the country where they are.
Systemic racism (mostly known as institutional racism) is a form of racism expressed in the practice of social and political institutions. It is reflected in disparities regarding wealth, income, criminal justice, employment, housing, health care, political power and education, among other factors.
Answer:incorrect
Explanation:somatic nervous system is subdivided into motory nerves and sensory nerves that controls the voluntary movement of the body through the skeletal muscles.
