the likely reasons that the market for dress shirts is not perfectly competitive are<u> dress shirts are not a standardized (homogeneous) product.</u>
<h3>
What is being perfectly competitive?</h3>
A perfectly competitive market, often referred to as an atomistic market, is defined by multiple idealizing criteria, which are together referred to as perfectly competitive, or atomistic competition, in general equilibrium theory.
It has been shown in theoretical models with perfectly competitive that a market will find equilibrium when the amount supplied for each good or service, including labor, equals the amount sought at the current price.
A Pareto optimal equilibrium would be this one. Perfectly competitive marketplaces are not always productively efficient in the short run because the output does not always occur where marginal cost and average cost are equal.
Long-term productive efficiency, however, comes about as new businesses enter the sector. Price and cost are lowered to the minimum of long-term average costs due to competition.
To learn more about perfectly competitive with the given link
brainly.com/question/13961518
#SPJ4
The answer is They were carried on boats down the rivers.
Hope I helped!
Answer:
Because wind is able to do work.
Explanation:
Work has different definition in physics and economic.
In physics, work refers to a transfer of energy to a certain object that is caused by the use of force in the direction of the displacement.
Let's take windmill as an example.
Windmill utilize the force of wind to generate electricity. This could only happen because wind could produce kinetic energy that is directed to rotate the generator within the windmill. This rotation of the generator is what produced the electricity. This process wouldn't be possible if wind does not have energy.
