Perfect competitionits a market where conditions prevail, Ask an Expert

Economics

Perfect Competition

It's a market where conditions prevail like that buyers and suppliers are without the ability to manipulate price in any significant way such that the market dynamics are determined almost completely through the forces of supply and demand.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9512001

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question what is the difference between delegate

Question: What is the difference between delegate representation and trustee representation? How did the difference lead to American Revolution? The response must be typed, single spaced, must be in times new roman font ...

Question find the errors was happened by public

Question: Find the errors was happened by public administrators The state government sold the city harbor 350 acres in 650.000 $ to the city, immediately, the city manager of city X designed an economic development packa ...

Question are australian households that wish to purchase

Question: Are Australian households that wish to purchase shares of stock in an American company suppliers or demanders of US dollars in the foreign exchange market? Are these same Australian households, suppliers or dem ...

Question congress has the choice of spending 50 billion on

Question: Congress has the choice of spending $50 billion on either space exploration or increased aid to education. Outline the arguments that would lead you to conclude which type of expenditure is more likely to incre ...

Question please answer the three questions1 why after

Question: Please answer the three questions: (1) why, after pushing interest rates down for several years, is the Fed now focusing on raising them? (2) After indicating in December that further increases in the federal f ...

Question read the article the ethics of big data based on

Question: Read the article, The Ethics of Big Data. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types ...

Question in this situation you are the manager of a

Question: In this situation, you are the manager of a struggling company ,any type of company you wish, of 18 employees, how would you encourage a creative work for your employees using examples of what others have done ...

Question in 2007 david beckham the famous soccer player

Question: In 2007 David Beckham, the famous soccer player from England, decided to leave his job to open Man-U shop , his own sporting goods store, in Thailand. By locating Man-U shop halfway between Central World and Pa ...

Question the english and the vickrey auction are

Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this ...

Question beef and leather belts are complements in

Question: Beef and leather belts are complements in PRODUCTION (in other words, when the output of beef increases, the output of leather belts increases as well, and vice versa). Assume that the markets for beef and leat ...

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 Microeconomics Expert