1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
V125BC [204]
3 years ago
7

Why do economists study the perfectly competitive​ model?

Social Studies
1 answer:
GuDViN [60]3 years ago
7 0

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.

You might be interested in
When people visit another country they sometimes feel disoriented and are unable to depend on their taken-for-granted assumption
Goshia [24]
This disorientation is known as "culture shock".
Culture shock is something that has a tendency to be clowned about yet it's a genuine wonder and one that can deeply affect individuals experiencing it. Culture shock is for the most part characterized as a feeling of disorientation or inconvenience because of the newness of the earth. The push to adjust to the new condition causes pressure, and there might be a feeling of misfortune in what has been abandoned in the past condition.
3 0
3 years ago
What is the main difference between a presidential and parliamentary democracy?
Fynjy0 [20]
A) <span>In a presidential democracy, the president is elected by representatives from each region while in a parliamentary everyone votes</span>
7 0
3 years ago
Read 2 more answers
Nina and Mitch, a cohabiting couple, have been deeply attracted to each other since their college years. This gives them both a
jeyben [28]

Answer:

b) Attraction

Explanation:

The deep desire for each other and the sexual fulfillment in the relationship between Nina and Mitch point to both an emotional and physical attraction for each other. Furthermore, it points out that this attraction is being met, leaving both satisfied with the relationship that is being established.

7 0
2 years ago
A prison warden might award “time served” for which of the following?
horsena [70]

Answer:

Avoiding altercations during a prison sentence

Explanation:

test

4 0
2 years ago
Pardons from the pope for certain mistakes are called _______.
77julia77 [94]
The correct answer in the statement above is indulgences. These are given to people who have committed sins and has ask for forgiveness because of their feelings of guilt that would drive them to be forgiven after asking for forgiveness. This is how indulgences are provided.
3 0
2 years ago
Other questions:
  • Is it possible that a distinct lower-class culture exists? do you know anyone who has the focal concerns miller talks about? wer
    12·1 answer
  • Was athens a democratic city
    15·1 answer
  • The use of scientific methods to explore people's satisfaction with the past, happiness with the present, and optimism about the
    14·1 answer
  • Mary conducts research examining the efficacy of treatment of elderly persons in nursing facilities in her home state. in order
    6·1 answer
  • Why did Henry the Navigator sponsor voyages of exploration?
    9·2 answers
  • 2. Brazil has a presidential system. Which of the following describes what this means?
    7·1 answer
  • Having to do all the work is an example of a<br>? ​
    11·1 answer
  • The quality of suggesting rather than stating is basic to an artistic movement known as
    13·1 answer
  • 3. Native Americans had already called this land home and other nations hoped the
    13·1 answer
  • Why did people disagreeg to let dogs of leash for hours and how this disagreegment was solved?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!