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:
<h2>Since 1789, the United States has added 27 amendments to the Constitution. An amendment is a change to the Constitution. ... These first amendments were designed to protect individual rights and liberties, like the right to free speech and the right to trial by jury.</h2>
Explanation:
<h2>Hopes this helps. Mark as brainlest plz!</h2>
Answer:
A. the spillover effect.
Explanation:
Spillover effect: The term spillover effect refers to the propensity of an individual's emotion to influence the way other individuals feel around him or her.
In other words, spillover theory defines the legal principle of splitting off the similar evidence that is related to both an accused and a codefendant.
In the question above, the spillover effect is being seen as the people aroused just by seeing the rock videos are compared to that of the people being provoked but didn't get aroused.
Answer:
Decrease the average waiting time
Explanation:
A single-channel queuing system has an average service time of 16 minutes per customer, which is exponentially distributed. The manager is thinking of converting to a system with a constant service time of 16 minutes. The arrival rate will remain the same. The effect will be to DECREASE THE AVERAGE WAITING TIME that is reducing variability will reduce waiting time.
Answer:
Weather balloons float at about 24 miles above earths surface, it is also above the ozone layer and is in the middle of the stratosphere
