1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
almond37 [142]
2 years ago
14

Ework Which of the following is not a reason perfect competition is a useful simplification, despite the diversity of market typ

es we find in the world? O a. Perfectly competitive markets are the easiest to analyze because everyone participating in the market takes the price as given by market conditions. O b. Some degree of competition is present in most markets.c. there are many buyers and sellers in all types of markets. d.many of the lessons that we learn by studying supply and demand under perfect competition apply in more complicated markets as well.
​
Business
1 answer:
cluponka [151]2 years ago
8 0

There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;

  • There are many buyers and many sellers in all types of markets.

<h3>What leads to perfect competition?</h3>

Firms are known to be in perfect competition due to;

  • When many firms produce identical products.
  • When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.

Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.

Learn more about perfect competition from

brainly.com/question/1051446

You might be interested in
In which of the following scenarios would enforcement of specific performance be appropriate? Multiple Choice Your bookstore agr
Gnom [1K]

Answer:

Correct Answer:

2. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons.

3. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute.

1.  Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day.

Explanation:

In enforcement of specific performance is applied in situations where there there is an established contract that has was not honored. This bridge of contract would then trigger performance enforcement.

3 0
3 years ago
Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive ri
Semmy [17]

Answer: kindly check explanation

Explanation: Risk as related to a project may be reffered to as occurrences or factors which could affect a project, they may not always be negative as usually perceived, they may be positive. Hence, when a perceived negative risk is perceived, it is essential to escalate and ensure that the necessary stakeholders become aware so as to find ways of mitigating or avoiding such happening.

In the case of positive risk or opportunity, escalating is equally important as it ensures relevant executives are aware and hence work on ways or processes to foster, embrace and exploit the advantage.

3 0
3 years ago
You own a sandwich shop in a neighborhood that has many other competing sandwich shops. This means your demand is probably _____
OLga [1]
You own a sandwich shop in a neighborhood that has many other competing sandwich shops. This means your demand is probably <span>Inelastic

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
7 0
3 years ago
Read 2 more answers
On july 1 of the current calendar year, plum co. paid $7,500 cash for management services to be performed over a two-year period
morpeh [17]

Dec 31              Management Services ....................................$1875

                           To Prepaid Expenses.....................................................$1875

(Being prepaid expenses recognised for the year)


6 0
3 years ago
Read 2 more answers
Which course is an integral part of your academic program and is required every semester? Additionally, this course will require
Aneli [31]

Answer:

INTR

Explanation:

INTR is an essential part of the academic program that every student must take in each semester. This course is also known as the applied learning practicum and it is used to ensure that students have both theoretical knowledge as well as practical field experience. This will help students to apply theoretical knowledge to real-life situations.

4 0
3 years ago
Other questions:
  • What is foreign portfolio investment?
    14·2 answers
  • !!!!
    9·1 answer
  • You find a certain stock that had returns of 16 percent, −9 percent, 23 percent, and 24 percent for four of the last five years.
    8·1 answer
  • Last week David spent $12,500 on advertising. This week he plans to spend twice as much. Next week he wants to spend half of wha
    12·1 answer
  • On January 1, Year 1, Chertco acquired a patent for $500,000 and, using the straight-line method, began amortizing it properly o
    8·2 answers
  • Define consumer protection agency​
    5·1 answer
  • To achieve organizational goals in large, complex organizations, which components must function together
    14·1 answer
  • A shift towards a higher proportion of sales of products with a higher contribution margin per unit will most likely result in a
    12·1 answer
  • Most people lose their jobs not because they could not do the work, but because they failed to get along and fit in with others
    12·1 answer
  • Assume that marginal propensity to consume is 0.8 and potential output is $800 billion. if the actual real gdp is $700 billion,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!