(Answered) Perfect competition firms like walmart target and kmart are

Management Studies

"Perfect Competition"

Firms like Walmart, Target, and Kmart are often given as examples of competitors. Ironically, these firms are not what an economist would define as perfectly competitive firms.

• Why are these firms not perfectly competitive?

• What are the conditions that create perfect competition?

• Name or describe an example of a perfectly competitive good or firm.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92794608
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 discuss some issues associated with contracting out

1. Discuss some issues associated with contracting out? Explain the concept of the “hollow state.” 2. What do you think of the idea of starting a peer review system to go with evaluations? Would that make a difference? 3 ...

1 describe various high-tech techniques that can be used to

1. Describe various high-tech techniques that can be used to enhance the quality of individual decisions and group decisions. ( please write long essay) 2. What is strategy implementation? What questions must strategy ma ...

What do you see as the biggest challenges in conducting a

What do you see as the biggest challenges in conducting a brand audit? What steps would you take to overcome them? How do you measure rate of sale? How might you measure the effectiveness of your advertising message? How ...

Business law questions1 essay question dave signs a

Business Law questions: 1) Essay Question: Dave signs a twelve-month lease for a new apartment at the Chateau Budweiser apartments. The rent is $1,000 a month. Before he moves in, Dave asks Jay if he would like to share ...

1 what features of the american political system promote

1. What features of the American political system promote fragmentation, lack of coordination, and inconsistencies in the policy-making process? In your view, how could this incremental system of policy making be changed ...

1 do you think we live in a more moral hazard society

1. Do you think we live in a more moral hazard society versus adverse selection? 2. Identify Nestle corporate level strategy (i.e. related/unrelated diversification, vertical/horizontal integration, etc.) 3. Identify the ...

1 do you think that virtual organizations are truly the

1. Do you think that Virtual Organizations are truly the wave of the future or just another alternative to the traditional workplace? 2. What are two examples on how technology has improved the operations at Symbotic? 3. ...

Respond to one of the two discussion questions yoursquoll

Respond to one of the two discussion questions. You’ll want to provide a thoughtful, 100+ word response for the discussion question that you select. Think of these as ‘essay questions’. In your response, clearly demonstr ...

1 which of the following statements accurately describes

1. Which of the following statements accurately describes the approach that project managers should take to develop relationships with key stakeholders? 1) The project manager should defer building relationships with ext ...

The economic environment in which businesses operate is

The economic environment in which businesses operate is obviously very important. So, it's no surprise that throughout history, philosophers and economists have proposed different ways to structure an economy. One way to ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert