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.
Answer:
no
Explanation:
bribery is not good because it brings a state backwards
Answer:
Explanation:
Enlightenment thinkers argued that liberty was a natural human right and that reason and scientific knowledge—not the state or the church—were responsible for human progress. But Enlightenment reason also provided a rationale for slavery, based on a hierarchy of races.
William M. "Boss" Tweed of Tammany Hall would most support a patronage system.
William Magear "Boss" Tweed was an American politician. During the 19th century, he was the political boss of Tammany Hall, an influential party apparatus for the New York Democratic Party.
William M. Tweed was convicted of stealing between $ 25 million and $ 45 million from New York taxpayers through corruption. In later estimates of the corruption that Tweed was behind, the sum was in fact around 200 million USD.
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