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Is scrambled eggs with ham a heterogeneous or homogeneous?
Ham is homogeneous. Why? The muscle tissue forms perfect fractals that are repeated identically throughout the ham.
How can price be determined in a free market economy?
In a perfect free-market economy, price is determined by supply and demand.
Is saliva a heterogeneous or homogeneous?
it is homogeneous
Is rice and corn grits heterogeneous or homogeneous?
Rice grits is homogeneous, corn grits is homogeneous, rice and corn grits mixed is heterogeneous.
Is a silver ring homogeneous or heterogeneous?
Yes, it is a homogeneous metal.
Is it true that one of the four conditions for perfect competition is identical products also called commodities?
There are a lot more than four conditions, but "homogeneous" products (there's no such thing as identical products) are one of the ways you tell if a market is operating under perfect competition.
What sets prices in a perfect market?
market conditions are responsible for price setting, as thing in perfect market are homogeneous, any different product with special feature would have a high price for it .
What are conditions for perfect competition?
Many Buyers and sellers Homogeneous products Free entry or exit of firms Perfect information
What are the four conditions for Perfect Competition?
Many Buyers and sellers Homogeneous products Free entry or exit of firms Perfect information
What are four conditions for perfect competition?
Many Buyers and sellers Homogeneous products Free entry or exit of firms Perfect information
What are the characteristics of a perfectly competitive market and a monopoly market?
characteristics of perfectly competitive market includes 1.Homogeneous products i.e identical in shape,size,taste,color,e.t.c 2.perfect knowledge to both consumers and producers 3.no transport costs incurred 4.perfect mobility of factors of production 5.common prices for identical goods in the market. 6.
Is Rural market not homogeneous market?
It is not homogeneous; rather,it is Fragmented.
What is market driven?
Market driven means the market determines the price. In perfect competitions, the market determines the price of products, not the business.
What are the characteristics healthy market?
characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market
Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
what is the differences between Perfect Competition and Monopoly Market?
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
What is monopolistic competition and perfect competition?
Three conditions characterize a monopolistic & Perfectly competitive market. First, the market has many firms, none of which is large. Second, there is free entry and exit into the market; there are no barriers to entry or exit. Third, each firm in the market produces a differentiated product. This last condition is what distinguishes monopolistic competition from perfect competition. In perfect competition in addition to the prior two characteristics the firms produces similar products.
