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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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About one-half of the world's wealth is owned by __________ percent of the world's adult population.
Solnce55 [7]

Based on statistics, only 1% (one percent) of the population owns half of the wealth in the world.

<h3>How is wealth distributed in the population of the world?</h3>

Unfortunately, wealth is not equally distributed in the population of the world. This means many people have limited resources, while only a small percentage of the people own most of the wealth available. This problem is known as inequality and is often related to other issues such as:

  • Poverty.
  • Lack of access to education.
  • Hunger.
  • Differences in opportunities access.

<h3>What percentage owns half of the wealth in the world?</h3>

Based on scientific studies, only 1% of the adult population owns at least half of the wealth. This clearly show how inequal the distribution of wealth is in the world.

Learn more about inequality in: brainly.com/question/11106414

#SPJ1

5 0
1 year ago
Is massachusetts a community property state
Tju [1.3M]

A few states recognize the concept of community property, in which most everything is jointly owned and equally split between the parties. Massachusetts, however, is not one of those states. Massachusetts law requires the division of property in a divorce to be equitable.

Hope this helps you out!! :)

8 0
3 years ago
While attempting to cope with the death of her sister, Megan decides to participate in a spontaneous celebration of life sponsor
sveticcg [70]

Answer: Spiritual support

Explanation:

Here, in this scenario we can state that the participation can be referred to as the use of a <em>spiritual support. </em>Here, the local church acts as the support group which is typically the involved in the work of a hospital chaplains, that are known to be involved with local priest and spiritual leaders in order to help the individuals so as to provide them with spiritual support.

7 0
2 years ago
Logan and Chelsea were debating what would happen to society if the government collapsed and the military and police were disban
Nat2105 [25]

Answer: D) Sigmund Freud

Explanation:

Sigmund Freud was a neurologist who impacted society through many views and concept introduction.He believed that unconscious motives of the mind tend to control behavior.

According to the question, Logan's thinking that collapse of government will lead to chaos because mind of people will become aggressive and clueless as per situation which will make their behavior destructive because of unconscious thoughts impacting behavior as per Freud's view

Other options are incorrect because Loans view does not match along wit Carl Rogers, Albert Bandura and Alfred Adler.Thus,the correct option is option(D).

4 0
2 years ago
Choose the word or phrase that best completes each sentence about the influence of Greek culture. Alexander the Great ____ local
Vikentia [17]

Answer:

Blank 1. Thrived

Blank 2. Have a career

Blank 3. Sophisticated future

Blank 4. Economics

Explanation:

hope this helped!

4 0
2 years ago
Read 2 more answers
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