1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Amanda [17]
3 years ago
12

Why are suppliers in purely competitive market efficient? What is the result of that efficiency

History
1 answer:
tatiyna3 years ago
5 0

Answer;)

Purely competitive markets are good for society because it forces firms to achieve maximum efficiency (productive and allocative efficiency). Requires that goods be produced in the least costly way. Firms are forced to produce at the minimum average total cost in the long run.

Explanation:

Brainliest if you will and when you can.

You might be interested in
How did the Truman doctrine respond to communism
Aneli [31]

Answer:

<h2>1:  by promising aid to help countries avoid communist takeover.</h2>

Explanation:

The Truman Doctrine was first stated by US President Harry Truman to Congress in 1947. Truman said,  "It must be the policy of the United States to support free people who are resisting attempted subjugation by armed minorities or by outside pressures."  Essentially, the Truman Doctrine pledged American effort elsewhere in the world to check the spread of communist and Soviet influence.  The policy was first put into action in 1948 by providing economic support to Greece and Turkey to stave off communist movement in those countries.

4 0
3 years ago
Read 2 more answers
Briefly describe how the automobile evolved from the bicycle.
Vinil7 [7]
 The bicycle craze that had taken over Europe in the 19th century contributed to the rise of the automobile.Several components that eventually played a key role in the development of the automobile were initially invented for use in the bicycle. these were  ball bearings, pneumatic tires, chain-driven sprockets and tension-spoked wheel.
3 0
4 years ago
Define price elasticity of demand. Explain the difference between elastic demand and inelastic demand.
mihalych1998 [28]

Answer:

One fluctuates in demand the other does not!

5 0
3 years ago
Read 2 more answers
Which of the following best reflects the effect of the economic changes described in Source 1 on the institutions of 18th-centur
Tema [17]

Answer:

C

Explanation:

took the test on edg

8 0
3 years ago
Read 2 more answers
What is the full name of the US central bank, known as the Fed?
shusha [124]

Answer:

Federal Reserve

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • how did the british forces further pummel the american morale after defeating the us troops at canada and bladensburg
    15·2 answers
  • What is the most likely reason the constitution placed limits on the president’s power to convene and dismiss congress?
    12·1 answer
  • Those Europeans who spoke of imperialism as the "white man's burden" claimed that Europeans __________. suffered great hardships
    14·2 answers
  • Which example describes natural rights? A)rights that are given under specific circumstances. B)rights that are granted to only
    13·2 answers
  • What was bartolome de las casas occupation
    5·1 answer
  • In what way did rabbis help the jews during the period of roman rule
    7·1 answer
  • PLEASE HELP ME!!! ASAP
    10·2 answers
  • Wich of the following is best described as a multi-ethnic state?
    7·2 answers
  • PLEASE HELP ASAP THANK YOU
    13·2 answers
  • How did McBride boss indirectly get him started with writing his book.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!