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:
C
Explanation:
this is because the transportation safety act was created to deal with highway emergencies
Answer:
The Suez Crisis took place at the location of the Suez Canal in Egypt.
Explanation:
The Suez Canal is located between the mainland of Egypt and the Sinai Peninsula. This is north of the Gulf of Suez. This canal connects the Mediterranean Sea to Indian Ocean. The canal was important in particular to oil transportation. The Suez Crisis centered around Arab and Israeli conflict in which Israel invaded Egypt and took control of the Suez Canal. This canal was heavily used by <u><em>Europe and therefore almost led to World War III. </em></u>
Mark me brainliest if I helped:D
Number 3 keeps the planets in orbit.
I would say this is True, I hope I helped
