Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
The answer is <span>flashbulb; as accurate as, respectively.
A flashbulb memory it is a person's memory of something so surprising or very unexpected, it allows a very detailed memory of the event but not the actual event. I can be related to a process of taking a photo using an old camera. </span>
Answer:
Islam spread through military conquest, trade, pilgrimage, and missionaries. Arab Muslim forces conquered vast territories and built imperial structures over time. ... The caliphate—a new Islamic political structure—evolved and became more sophisticated during the Umayyad and Abbasid caliphates.
Explanation:
brain plz
Answer:
true
Explanation:
before you had to be 16 but now you have to be 18 or older