Sort the list below according
to whether or not an item is an assumption made under perfect
competition (aka pure competition or competitive industry).
Homework Answers
Answer
Assumed in perfect competition
price-taking behavior
Not assumed in perfect competition
A small number of producer
Firms selling a similar but differentiated product
the significant barrier to entry
explanation
there are many producers and consumer with identical product and
the entry is free which makes the market price taker.
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Sort the list below according
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Listed below are the markets for several products. Sort the different markets according to whether or...
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Listed below are the markets for several products. Sort the
different markets according to whether or not they are consistent
with the assumptions of perfect (or pure) competition. Be sure to
place all of the items.
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
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