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:psychoanalytic perspective
Explanation:
What is psychoanalytic perspective?
This is a psychological theory that focuses on the unconscious mind and the how the influences of one's childhood encounters plays a role in who they become .
Psychologist Freud designed this theory to account for the understanding of our dreams, how we subconsciously react to stressful situations.
Our unconscious behaviour is the main part of this theory as it focus on young adults development and how those development influence their entire life as they go through different stages of experiences in life.
The memories that we reserve without being aware that we have reserved them and the urges that are surpressed which end up revealing themselves in various conscious ways .
Alexander Hamilton was very concerned about what might occur if the
Constitution wasn’t adopted. He had seen firsthand the difficulties this
country faced with the weak plan of government created by the Articles
of Confederation. He worried that our financial issues would make it
difficult for us to succeed as a country. He worried about our
government being able to keep order at home. He feared we would continue
to be viewed as a weak..
Answer:
Alcoholism is determined by both genetics and environment.
Explanation:
Alcoholism has a genetical component, (some people can have a predisposition) but this is not determinant since, the experiences lived influence greatly the individual the way he will solve his problems.
Several coexisting genetic variables differ in each individual, rather than searching for a single gene transmitted. Similarly, many stressing factors present in the environment can increase risk of alcoholism, because of their diversity, they do not have to be necessarily the same in every person. Environmental contribution may be linked to epigenetics, which refers to changes that ocurr in genes as a result of factors presenting in the ambient.
Answer:
B.) modifying their leadership style to fit employee and task characteristics.
Explanation:
Revised path-goal theory refers to the leadership theory in which a leader's support is crucial for the followers to achieve their goals. The theory is based on the leader's behavior that fits the employee's needs and environment for the accomplishment of their goals. According to the theory, leaders work to encourage employees and remove their roadblocks so that they can perform well.
