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.
Draft
Maybe Share
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Revise
Final
For my school it’s really only draft, revise/edit, maybe share then publish
Answer:
King George II stood up at the performance of George Frederick Handel's “Hallelujah chorus” on March 23, 1743. No one knows for sure why he stood.
A country divides the government's power among three separate branches reflects the ideas of Charles de Montesquieu.
Answer: Option D
<u>Explanation:</u>
Chales De Montesquieu was one of the most famous philosophers of the field of politics and was a judge in France. He wanted the type of government where the powers of the government are divided among various branches.
These branches act in accordance with the powers given to them for the welfare of the people and for the development of the country and these three branches are the legislative, the executive and the judiciary to form, execute laws and to maintain discipline, law and order in the country.
Answer:
Poverty. I hope this answer helped you!
