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<u>ᴀɴsᴡᴇʀ:</u></h2>
<u>❛</u><u>L</u><u>u</u><u>c</u><u>i</u><u>f</u><u>e</u><u>r</u><u> </u><u>i</u><u>s</u><u> </u><u>t</u><u>h</u><u>e</u><u> </u><u>S</u><u>a</u><u>t</u><u>a</u><u>n</u><u>'</u><u>s</u><u> </u><u>l</u><u>a</u><u>s</u><u>t</u><u> </u><u>n</u><u>a</u><u>m</u><u>e</u><u>❜</u><u>.</u>
Well I would have thought it’s changed in costumer spending so I personally would go with decreasing consumption
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.
Antitrust laws generally promote (or encourage, make possible, increase support, etc) competition - they work against establishing monopolies
Patents limit (decrease, make impossible, etc,) competition - they establish a monopoly on a certain good or service.
Answer:
This is more of a science question than social studies, but atoms make up everything is a common joke and what they mean is that atoms make up everything quite literally. "Yes, all things are made of atoms, " - source online
Explanation: