Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
Answer:
Kaiser Wilhelm's aggressive military build-up and his disregard for attempts at peace, is the correct answer.
Explanation:
The triple alliance was formed by Germany, Austria-Hungary and Italy in 1882, and agreed to assist each other in case of attack by either France of Russia. <em><u>Britain and France were afraid of German Navy, so in 1904 </u></em>they signed Entente Cordiale to cooperate against the threat of Germany. Russia also joined later. Triple Entente merely stated that it was a moral obligation of the three signatories to help each other.
Answer:
#STOPBEINGCHEAPWITHPOINTS
the answer is We're politically and economically stable
For over a century Australia has built public and private institutions that Australians can have confidence in. That may feel like it's changing, but compared with many other countries we are a beacon of stability – and that makes it a safe place to do business.
Explanation:
435 voting members. 100 members in the senate. 5 delegates. Therefore, do that math. 435-105= the amount of other voters.
The answer is:
The angles of impact and the point of convergence can tell us the way the weapon was used to commit the murder. The processes and equipment are through laser and simple trigonometry in order to get to the right angles of the impacts and the area in which the victim was killed.
