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.
Answer:
The St. Lawrence Seaway connects the Atlantic Ocean with the Great Lakes.
Explanation:
St. Lawrence Sea is a long waterway near the Northeastern border of America that connects from the Atlantic Ocean into the Great Lakes. It has allowed for shipping vessels to come through. However, these ships sometimes bring invasive species such as the Sea Lamprey.
Answer:
D. We are hardwired to actively look for partners similar to ourselves.
Explanation:
- The concept of homogamy is a marriage between the two individuals that are in some culturally important ways similar to each other
- And is form of an associative mating and the union may be based upon the socio-economic status and gender and ethnicity and religion and age also matters in some of the homo-gamy traditions.
A few months after birth or a year, seeing as twins can get so close within those few months and develop separation anxiety from their twin
<span>The Flu is not considered to be one of the four main diseases
caused by environmental factors according to the WHO. The World Health Organization is the organism of the
Organization of the United Nations specialized in managing policies of
prevention, promotion and intervention in health worldwide. It was established on 07 April 1948 headquartered in
Geneva, Switzerland.</span>
