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.
This is true and it is true because there are indeed multiple parties with various ideologies in those countries. They vary form the far left to the far right.
Answer: Tracking Polls
Explanation:
The tracking polls which are often referred to as the opinion polls, are known as or described as the human study or research survey of the audience opinion from the specific population size. Tracking polls are mostly formulated in order to represent belief of a sample size thereby administrating the series or set of questions and then thus deducing the vague notions.
Answer:
Correct answer is the North was full of large cities and had a large population which gave him more votes.
Explanation:
First option is not correct because he hadn't won practically any vote in the South.
Second option is correct because due to this fact Lincoln had more electoral votes than all other candidates together.
Third option is also not correct similar to the explanation in option 1. He had not support in the South.
Fourth option is not correct because North was more industrialized than the South.
