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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.

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What happen to the<br>development activities in the absence<br>of public participation? Elucidate.​
Sav [38]

Answer:

- Reduction in interest for people to join the activity.

- Harder implementation.

Explanation:

Development activities tend to be created by the government if they wanted to increase the quality of workforce that they have. They usually do this through courses or public presentation.

If the government let some members of the public to participate, it can contribute to the overall success of these activities.

For example, the government can cooperate with the people that have high respect in a certain community to advocate for the program. These type of people have the power to inspire other member of the communities to participate in the programs.

Removing public participation will make the activities look like another effort from politicians to gained support rather than activities that created to genuinely help the people.

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3 years ago
When 80-year-old Ida looked at one of her old wedding pictures, she was flooded with vivid memories of her parents, her husband,
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Answer:

D Retrieval cue

Explanation:

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Retrieval cue often happened when a person make a new memory about event which help triggers the long time event that had happened to them.

RETRIEVAL CUE in older adult makes them feel fulfilled and happy when they remember all their past and old event in life.

There for RETRIEVAL CUE help us to retrieve long term memories or event because all the information stored in long term memory are been retrieved.

According to the Scenario the picture serve as a powerful RETRIEVAL CUE

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