(Answered) Perfect competitionfirms 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

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92666007
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Describe the strengths and weaknesses of knowledge

Describe the strengths and weaknesses of knowledge management systems

You are a physician making rounds on your patients when you

You are a physician making rounds on your patients when you arrive at Mrs. Buckman's room. She's an elderly lady in her late 70s who recently had colon surgery. She is also the wife of a prominent physician at the hospit ...

In what ways can self-knowledge lead to more effective

In what ways can self-knowledge lead to more effective managerial work?

Please help me on how to search 3 journal articles on does

Please help me on how to search 3 journal articles on: Does job enlargement have a positive effect on job satisfaction?

What is the perverse loop according to smaghi and how does

What is the "perverse loop," according to Smaghi and How does he fix it?

Can you identify at least one or more ways that companies

Can you identify at least one or more ways that companies can achieve a cost advantage through lower-cost inputs? Can you provide an aviation company example to illustrate your points?

You toss a fair coin until a head appears x is the count of

You toss a fair coin until a head appears. X is the count of the number of tosses that you make. Is it reasonable to use a binomial distribution for the random variable X? If a binomial distribution applies, give the val ...

1 many us states adhere to jessicas law which does not

1. Many US states adhere to "Jessica's Law" which does not allow convicted sex offenders to live within a certain distance (usually 2000 feet) of parks and schools. a. What do you think this does to the concentration of ...

Discussion topic 1there are several functions of

Discussion Topic 1 There are several functions of advertising that must be kept in mind when putting together MARCOM for a company. These include informing, influencing, reminding and increasing salience, adding value, a ...

What are the objectives and concepts of planning a

What are the objectives and concepts of planning a wedding?

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 Business Management Expert