1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denpristay [2]
3 years ago
8

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or

competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior
Business
1 answer:
marshall27 [118]3 years ago
8 0

Answer:

Assumed in perfect Competition

Many buyers

Price taking behavior

Not assumed in perfect Competition

A small number of producers

Significant barriers to entry

Firms selling similar but different goods

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

You might be interested in
A text only forum accessed through a bulletin board service (BBS) is known as a ____.
Vinvika [58]

Answer:

its B don't listen to stupid people

Explanation:

8 0
3 years ago
Read 2 more answers
Give me atleast 2 question about mice industry
kondor19780726 [428]

Answer:

1.How has the growing economy contributed to the growing mice industry?

2.Why does nobody know the size of mice market?

5 0
3 years ago
Read 2 more answers
A high rate of _____ is resulted from nonuse of condoms
AlladinOne [14]
A high rate of human immunodeficiency virus (HIV) is resulted from nonuse of condoms. 
This is usually true for gay men, however, there are a lot of cases with straight people transferring HIV because they didn't use condoms during sex. This should be avoided at any cost, if you want to prevent unwanted pregnancies and the transfer of various STDs.
8 0
3 years ago
A. True
timurjin [86]
<span>FALSE.  You must carry insurance on motorcycles as well as cars. </span>
8 0
3 years ago
Read 2 more answers
The consumption schedule shows a.that households consume more when interest rates are low. b.that consumption depends primarily
Lelechka [254]

Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.

Explanation: Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.

A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.

3 0
3 years ago
Other questions:
  • "When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its produc
    15·1 answer
  • The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
    6·1 answer
  • Match the job role with the job title. (More than three answers)
    9·1 answer
  • An electronics firm produces smart phones for sale to the worldwide market.
    5·1 answer
  • At the adjourning stage of team development, the team members are most likely to:________
    5·2 answers
  • You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation’s intrinsic value
    14·1 answer
  • Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
    13·1 answer
  • Match the following items.
    7·1 answer
  • The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pal
    6·1 answer
  • Pamelia (21) is a full-time undergraduate student pursuing an accounting degree at her state university. During the year, she re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!