Answer:
Homogeneous Products
Explanation:
In a perfectly competitive market, buyers treat the product produced by different firms as homogeneous. So they are willing to pay the same price for products of different firms. No firm, therefore, can charge a price higher than the market determined Price
The correct answer for this question is this one: "c. structural unemployment." If an individual who cannot find a job because his or her job skills have become obsolete this is an example of structural unemployment. It is <span>a form of </span>unemployment<span> caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers</span>
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That is called immigration when someone moves from one place to another
The most important factor that caused and deepened <span>California's economic problems is: Illegal immigration
Illegal immigration bring out a huge amount of workforce that could be paid lower than minimum wage. This make business tend to pick them instead of the legal citizen, which lead to the economic problems</span>