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:
True
Explanation:
human resources is very essential in an organization, the training of workers, getting new employee, termination of employee's appointment as well as maintaining the organization policy as well as maintaince of business culture can be attributed to the Human resources department. On the other hand, Strategic role in organization helps in strategic planning, develop the plan and acquire enough information to keep the organization abreast of her compititors.
It should be noted that in the time past, human resources played more of all these administrative role as opposed to a strategic in the organization.
.
Answer:
it up to him to know how he feel
Explanation:
