Answer: Meeting customer requirements at a profit
Markets for goods and services appear in a number of forms. in perfectly (or purely) competitive markets:
i. there are large numbers of independently acting buyers and sellers
ii. the good that is produced and traded is homogenous or standardized.
<h3>
What are competitive markets?</h3>
- A competitive markets, also known as an atomistic market, is defined by a number of idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in the field of economics, notably general equilibrium theory.
- It has been shown that in theoretical models with competitive markets, a market will eventually find an equilibrium where the supply of all goods and services, including labor, equals the demand for all goods and services at the price in question.It would be Pareto optimal for this equilibrium to exist.
- The two types of efficiency that competitive markets offers are allocative and productive. In the near term, completely competitive marketplaces are not always productively efficient since output does not always occur where marginal cost equals average cost.
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Traditionally, older adults have been portrayed in a stereotypical manner by the American media.
<h3>What is
stereotypical?</h3>
A stereotype is a generalized opinion about a specific group of people that are used in social psychology. People may have this expectation of every member of a given group. Expectations can take many different forms; they might relate to a group's personality, interests, appearance, or skill. Stereotypes can occasionally be true even when they are overgeneralized, unreliable, and resistant to new knowledge.
When applied to specific individuals, these generalizations about groups of people may be accurate, but they may also be incorrect, which is one of the causes of prejudice.
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Answer:
Explanation:
The given expression is
We need to resolve this into partial fraction.
The form of the partial fraction decomposition is
...(1)
On comparing both sides, we get
...(2)
...(3)
Subtract (2) from (3), we get
Put A=3 in (1).
Put A=3 and B=4 in (1).
Therefore,
.
