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 a wholesale market buying and selling takes place between __________________
vodomira [7]
<h2>Question</h2>

In a wholesale market buying and selling takes place between __________________

<h2>✒ Answer</h2>

A. Retailer and consumer

3 0
2 years ago
The _____ theory would support the claim: "freud was instrumental in discovering psychoanalysis. if not for freud, no other psyc
padilas [110]
<span>The personalistic theory would support the claim "Freud was instrumental in discovering psychoanalysis if not for Freud, non other psychologist would have been able to undercover the human psyche. Personalistic theory is the idea that someone is searching to define the uniqueness of either God as a supreme being or a human in the world of nature specifically due to it in relation to animals.</span>
6 0
3 years ago
What was the federalist view on Thomas Jefferson in the election of 1800?
Klio2033 [76]

Answer:

In the election of 1800, the Federalist incumbent John Adams ran against the rising Republican Thomas Jefferson. The extremely partisan and outright nasty campaign failed to provide a clear winner because of a constitutional quirk.

Explanation:

yes

3 0
3 years ago
Read 2 more answers
What were some good things Emperor Qin started so that his big empire was standardized? CHOOSE ALL THAT APPLY
gulaghasi [49]

Answer:

Qin Shi Huang standardized writing, a crucial factor in the overcoming of cultural barriers between provinces, and unifying the empire. He also standardized systems of currency, weights, and measures, and conducted a census of his people. He established elaborate postal and irrigation systems, and built great highway

Explanation:

7 0
3 years ago
Read 2 more answers
Research in which a representative sample of people are asked questions about their attitudes or behavior is called __________.
Mars2501 [29]

Answer: survey

Explanation: i have had them done to my friend

6 0
4 years ago
Other questions:
  • Write any five suggestions to uplift the Nepalese painting?<br><br>help!!​
    7·2 answers
  • Reversing those trends is challenging, but it is achievable with sustained comprehensive outreach st the grassroots level.
    15·1 answer
  • Kaley has a big presentation at work. afterward, her boss tells her she did a terrible job and fires her immediately. given what
    6·1 answer
  • Were the Comanche Indians nomads true or false
    7·1 answer
  • Which part of earth absorbs the most sunlight?A oceans B atmosphere C soil and D rivers and lakes. Hurry please!
    15·1 answer
  • What was the most common role for women in sumerian society ??
    9·1 answer
  • Private owners can gain by employing their resources in ways that are beneficial to others, and they bear the opportunity cost o
    14·1 answer
  • Applying what you learned about ray diagraming​
    5·1 answer
  • C. Justices on the Supreme Court take seriously their duty to interpret laws and the Constitution as fairly and accurately as po
    10·1 answer
  • How can you see out of you eyes
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!