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
In which branch would you find Congress? (3 points)
Gnesinka [82]

Answer:

B

Explanation:

I don't know but i got this answer on a test and i got it right so.

6 0
2 years ago
Read 2 more answers
The Internet is a hierarchical structure linking different levels of service providers whose millions of devices supply all the
solong [7]

Answer:

National service provider (NSP)

Regional service provider (RSP)

Internet service provider (ISP)

Explanation:

National service providers (NSP)  are companies that own the internet backbone infrastructure which other second party internet service providers can link to. Examples of NSPs are Orange, Sprint,  AT&T etc.  

It typically provides fibre optic cables and core routers which the ISPs link to in order to provide internet exchange for the customers.

Regional service provider (RSP)  are basically ISPs operating within a region. Unlike ISPs, they cover only defined regions. Examples are New England's NEARNet which provides internet access for residents of New England and the San Francisco Bay area BARNet for San Francisco Bay resident.

Internet service provider (ISP) are the direct link to the customers. Many NSPs also act as ISPs by using routers that can transfer network from the backbone network exchange to the receiving equipment of the end users such as mobile phones, computers etc. Examples of ISPs are AT&T, Comcast and Verizon.

8 0
3 years ago
What did the red flag mean at the Alamo
prisoha [69]

"To proclaim to the defenders of the Alamo that no quarter would be given. "

3 0
3 years ago
Read 2 more answers
Which part of the research agenda wherein you can write the genesis of the problem and
koban [17]

Answer:

Significance of the study

6 0
2 years ago
Dr. McDonald uses only the testimonies of parents and teachers as support for his treatment of ADHD; this illustrates which warn
Liula [17]

Answer:

This illustrates: <u>Overreliance on anecdotes.</u>

Explanation:

What Dr McDonald is using to validate and support his treatment for ADHD are mearly anecdotes, which are not sufficient enough in the scientific field. To justufy a practice or a treatment a professional should consider a theory that has been accurate and has prove of its results.

Overreliance on anecdotes means putting all the justification of the validity of a treatment, only over people´s testimony.

7 0
3 years ago
Other questions:
  • Mary, a student in your class, has difficulty keeping her attention on classroom activities. describe four different strategies
    5·1 answer
  • Most life would not be possible without our unique atmosphere<br> True or false
    9·2 answers
  • What are alternative sanctions? give some examples of alternative sanctions, and offer an assessment of how effective they might
    14·1 answer
  • If it is necessary to verify a protective order before arresting an individual named in the injunction for a violation of the di
    13·1 answer
  • How does popular sovereignty and republicanism help the citizens of the US ?
    5·1 answer
  • The following characteristics describe which climate region?
    14·2 answers
  • How can you help save the estuaries and intertidal zones from destruction like the improper disposal of wastes?
    14·2 answers
  • One major similarity between vehicle and pet insurance is that both types of
    5·1 answer
  • What are your thoughts and feelings on what happened on Wednesday in Washington DC? Was this more of a mob or a riot? What was t
    10·1 answer
  • The nurse is completing a developmental assessment on a 6-month-old infant. which findings indicate the need for additional foll
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!