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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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The market demand for milk in Country X is 18 billion gallons per month, but the supply is 10 billion gallons per month. What mu
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Answer: А The monthly supply of milk must increase by 8 billion gallons.

Explanation:

The demand is 18 billion gallons and the supply is 10 billion gallons a month. For equilibrium to be reached, the supply needs to reach a level of 18 billion gallons a month because equilibrium means that Supply is equal to Demand.

For the supply to reach this amount per month, it needs to increase by:

= Amount needed - Amount currently supplied

= 18 billion - 10 billion

= 8 billion gallons a month

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Mrs. Saylor, a fifth grade teacher, shows approval for her students, both in praising their successes and helping them to not be
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The correct answer is positive  regard

Positive Regard is having an experience of unconditional positive consideration towards another person means warmly accepting every aspect of that person's experience. It means not placing conditions for the acceptance or appreciation of this person. Unconditional positive consideration implies non-possessive care, a way of appreciating the other as an individualized person who is allowed to have his own feelings, his own experiences.

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3 years ago
Which statement best summarizes how US national security policy has changed in Latin America countries such as El Salvador, Chil
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The correct answer is the last item: these countries have transitioned to democracy, and the United States has decreased aid to them.

Although the Cold War was mostly between the United States and Soviet Union in European, the Latin America’s Cold War experience is also well known. During the cold war, the United States provided funds for a lot of millitary movement in latin american countries to stop communist infuences in that region. After the fall of Soviet Union, the United States stopped providing aid to these countries.



6 0
3 years ago
Read 2 more answers
2. How does Dr. King convince the reader to think differently
olya-2409 [2.1K]

Answer:

he offers them more pontentiel on the world

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3 years ago
Ken is reading his notes from science class. He wants to organize information the teacher presented about erosion—the causes, th
sergeinik [125]

Answer:

D) Concept map

Explanation:

Concept map

The Concept map also called as the Conceptual diagram ,

It is a diagram which depicts the relations between the concepts .

It is used by the engineers , designers , technical writers as a graphical tool .

It represents information and ideas in the form of boxes or circles , which are connect via labeled arrows in a downward hierarchical form .

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3 years ago
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