Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be a price taker because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
The sentence is basically saying that even though they knew they were late for the appointment they still decided to stop and have a picnic
Answer:
Thats because it straddles the continents of Europe and Asia, and because its historical experience is intertwined both with that of European states and with that of the Middle East.
Hope this helps!
Answer:
puberty
Explanation:
When one has her menace it means one is in the puberty stage.
In 1929 during the Great Depression, unemployment was around 3%
Or
The stock market during the Great Depression lost almost 90% of its value due to the unemployment
