Answer:
The correct answer is letter "D": buyers and sellers having all relevant information.
Explanation:
Perfect Competition is a theoretical market structure in which competition is at the highest possible level. These five (5) elements contain a perfectly competitive market: <em>all firms sell the same product, all firms are price-takers, all firms have relatively small market shares, buyers have complete product and price information, </em>and <em>the industry is characterized by low or no barriers to entry and exit.</em>
Answer:
tools, factories, land, and investment capital
Explanation:
The means of production consists of <u>tools, factories, land, and investment capital</u>
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.
Yes, this is true. Donald Trump has made billions off his tycoons.