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:
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I hope this answer helps you big time!!
Because its in the middle or center of the area
I think you're looking for the name for this event? This is eclipse, and more specifically solar eclipse: when the Sun cannot be seen because it is covered by the moon between the Sun and Earth
Answer:
1. The proposed state votes on the matter.
2. The proposed state officially petitions Congress for Statehood.
3. The proposed state must make sure it is following the constitution for its government.
4. Both the Senate and the House vote with a majority to accept the state.
5. The president signs the bill.
