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.
Social Darwinism is an economic and social philosophy-
holding that a system of unrestrained competition will ensure survival of the
fittest. Andrew Carnegie rose to the top of the business world and justified his harsh practices with the method
of natural selection.
This is because defense mechanisms can stunt emotional growth. A defense mechanism is an oblivious mental component that decreases tension emerging from inadmissible or possibly unsafe boosts. Sigmund Freud was one of the principal defenders of this develop. Guard components work at an oblivious level and help avert disagreeable emotions or improve great things feel for the person.
Answer:
We can take for example Josip Broz Tito, a former president of Yugoslavia.
Explanation:
During his time the country went to the period of renewal. People, especially women gained more rights, new laws were introduced. The rate of literacy increased as never before. Reforms were introduced, country prospered. I believe that we can compare him with Charlemagne as although as him he wasn't very educated he realized the need for education, literacy and improvement of life condition as well.
