The following are attributes of only a competitive market:
price taker
identical products
The following is not an attribute of either markets: few sellers
The following is an attribute of both markets: price is equal to marginal cost
<h3>What is a
competitive market?</h3>
A competitive market is characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. So, buyers and sellers are price takers There are no barriers to entry or exit of firms into the industry.
<h3>What is a monopolistically competitive market?</h3>
A monopolistic competition is when there are many firms selling differentiated products in an industry. The demand curve is downward sloping. it sets the price for its goods and services.
To learn more about monopolistic competition, please check: brainly.com/question/21052250
Answer:
D
Explanation:
Characters(Unless it says otherwise) are all fictional, but the passage can present facts.
1. Encoding
2. Medium of transmission
3. Decoding
4. Feedback
The company that provides all of the telephone services for the entire country is called the capital
Answer:
b. The number of digits in a randomly selected row until a 3 is found.
Explanation:
A random variable often used in statistics and probability, is a variable that has its possible values as numerical outcomes of a random experiment or phenomenon. It is usually denoted by a capital letter, such as X.
In statistics and probability, random variables are either continuous or discrete.
1. A continuous random variable is a variable that has its possible values as an infinite value, meaning it cannot be counted.
2. A discrete random variable is a variable that has its possible values as a finite value, meaning it can be counted.
Also, any random variable that meets certain conditions defined in a research study.
Hence, an example of a geometric random variables is the number of digits in a randomly selected row until a 3 is found.
