The economic model that compares the amount of competition among businesses in a similar industry is known as <u>market structure</u>.
<h3>What are market structures?</h3>
Market structures describe the nature, presence or absence, and degree of competition among companies, in the same industries.
The theoretical model of an ideal situation in a free enterprise economy developed by economists is known as “perfect competition.”
Other market structures include:
- Oligopoly
- Monopoly
- Monopolistic Competition
- Imperfect Competition.
Thus, the economic model that compares the amount of competition among businesses in a similar industry is known as <u>market structure</u>.
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Answer:
georges Louis Leclerc, Comte de Buffon, French naturalist. Buffon discovered that animals of different species could be crossbred, but the offspring were infertile: he therefore defined a species as a group of animals that could produce fertile offspring. ...
Explanation:
Difference between Shays' and Whiskey: Shays' rebellion was under the Articles of Confederation and the weak government and was unable to support, with force, the state of MA in order to aid in the defeat of the rebellion. The Whiskey Rebellion, under the Constitution, it became evident that the government was capable of enforcing the law.
Answer:
4
Explanation:
Divided his empire among his sons to be regional rulers under his authority
