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.
Episodic binge eating followed by purging is a characteristic of the condition called Bulimia Nervosa.
Bulimia Nervosa is a a eating disorder which is characterized by episodes of overeating called as binge eating followed by purging by self-induced vomiting.
It is a potentially life threatening condition in which there is over fasting that can be dangerous for life. It is mostly seen in teenage girls who are excessively self obsessed about their body structure.
It can cause dehydration, fatigue, electrolyte imbalance, anxiety and mood swings.
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If you pull the lever, you're causing the death of the one person. Causing people to die seems like killing. And killing people is wrong
