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ohaa [14]
3 years ago
10

A characteristic of perfect competition is when ​

History
1 answer:
frutty [35]3 years ago
4 0

Answer:

Firms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product being bought and sold; and (4) firms can enter and leave the market without any restrictions—in other words, there is free entry and exit into and out of the market.

Explanation:

A perfectly competitive firm is known as 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. When a wheat grower, as discussed in the Bring it Home feature, wants to know what the going price of wheat is, he or she has to go to the computer or listen to the radio to check. The market price is determined solely by supply and demand in the entire market and not the individual farmer. Also, a perfectly competitive firm must be a very small player in the overall market, so that it can increase or decrease output without noticeably affecting the overall quantity supplied and price in the market.

A perfectly competitive market is a hypothetical extreme; however, producers in a number of industries do face many competitor firms selling highly similar goods, in which case they must often act as price takers. Agricultural markets are often used as an example. The same crops grown by different farmers are largely interchangeable. According to the United States Department of Agriculture monthly reports, in 2015, U.S. corn farmers received an average price of $6.00 per bushel and wheat farmers received an average price of $6.00 per bushel. A corn farmer who attempted to sell at $7.00 per bushel, or a wheat grower who attempted to sell for $8.00 per bushel, would not have found any buyers. A perfectly competitive firm will not sell below the equilibrium price either. Why should they when they can sell all they want at the higher price? Other examples of agricultural markets that operate in close to perfectly competitive markets are small roadside produce markets and small organic farmers.

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Wittaler [7]

Juan Manuel de Rosas que había tenido facultades extraordinarias en su primer mandato, asumió por segunda vez como gobernador de Buenos Aires, en 1835, también con una suma de poderes que implicaba el ejercicio de los tres poderes del Estado (Legislativo, Ejecutivo y Judicial). Los hechos que propiciaron su segundo mandato fueron:

  1. La muerte de Facundo Quiroga que provocó un clima de inestabilidad y violencia.
  2. La renuncia de Manuel Vicente Maza en marzo de ese año.

La Legislatura de Buenos Aires convocó a Rosas y le propuso que asumiera la gobernación. Él aceptó pero bajo la condición de que se le otorgase la "suma de poderes".

<u>Sin embargo, la suma del poder público se le otorgó con el compromiso de:</u>

  1. Conservar, defender y proteger la iglesia Católica en Argentina.
  2. Sostener la causa nacional de la Federación.
  3. La suma del poder público duraría el tiempo que el Gobernador considerara necesario.

Explanation:

Juan Manuel de Rosas, who has had extraordinary powers in his first period in power, assumed for the second time as Governor of Buenos Aires also with a 'sum of powers' that implied the exercise of the three powers of the State (Legislative, Executive, and Judicial). The events that led to his second period in power were:

  1. Facundo Quiroga's death, which caused a climate of instability and violence.
  2. Manuel Vicente Maza's resignation, in March of that year.

The Legislature of Buenos Aires summoned Rosas and proposed that he assume the governorship and he accepted on the condition of being granted the "sum of powers."

<u>However, the sum of the public power was granted with the commitment of:</u>

  1. Preserve, defend, and protect the Catholic Church in Argentina.
  2. Support the national cause of the Federation.
  3. The sum of public power would last as long as the Governor considered necessary.
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