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:
Democracy allows us to correct our own mistake. as in this the main power is with the citizens so if they make a wrong choice in choosing the representative then it can be changed. they can vote others and the mistake would be corrected.
I’d say all of them make a pretty significant change
A wealthy Roman Citizen is called Patricians. The are the small elite who monopolized political power. The Senators who ruled Rome came from patrician families.
A wealthy Roman citizen can be distinguished from any other Roman citizen based on their clothes.
Senators wear a toga with a purple stripe as a mark of their rank.
Wealthy Roman Citizens wear tunics for men and stola and palla for women made out of cotton and silk. Ordinary Romans only wear clothes made out of wool or linen.
Answer:
Probably the Macy's Thanksgiving Parade that is on TV
Explanation: