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.
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Politically, the Soviet Union was a single party Communist state, whereas the the United States was a Representative Democracy. Economically, the Soviet Union went from being a Communist State, wherein the means of production were owned by the state with centralised planning for economic control, to being more of a market-based socialism
Answer: A
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Brutus was a very persuasive person so they thought that if Brutus would join he could persuade the common people into justifying the assassination.
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Talk of justice and injustice generally involves appeals to the related notions of fairness, equality, desert, and rights. Economic or distributive justice concerns the principles appropriate for assessing society's distribution of social benefits and burdens, particularly wealth, income, status, and power.
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