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Q: What does a diagram of a perfectly competitive market look like?
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What are the circumstances under which a perfectly competitive market may prevail in any economy?

There cannot be any external forces affecting the competition. Forces like govt. regulations, shipping expenses, etc.


Are mortgage rates from The Woolwich brand competitive?

The Woolwich brand has the most competitive mortgage rates on the market compared to financial institutions like Chase. They are not very well known, but they have the lowest rates out there.


HWhat does a virtual power station diagram look like?

A diagram which looks like a sankey diagram A diagram which looks like a sankey diagram


Is magnum footwear a good shoe for running?

Magnum footwear is certainly competitive amongst their competition for good, quality footwear. Their niche market is in their boots like Tony Lama and the like.


What are some examples of perfectly competitive markets?

A perfectly competitive market is one in which there are many suppliers and consumers, and each party has an equal opportunity to sell or buy goods or services. This is a theoretical market in which supply and demand are in equilibrium. In a real-world situation, markets can be imperfectly competitive, which means that there may be some suppliers who have an advantage over others. For example, a monopolist can charge higher prices than other suppliers, and a monopoly can have a limited number of buyers. In these situations, competition may not be perfect, and it may not be possible to achieve equilibrium. However, even in imperfect markets, buyers and sellers will generally find each other and reach an agreement that is conducive to both parties. This is because buyers want to purchase goods at the cheapest possible price, and sellers want to receive the highest possible price for their goods. It is important to note that markets can be either competitive or non-competitive, but they cannot be both.


What is perfect substitues?

Perfect substitutes refer to goods that can be consumed or used interchangeably because they provide the same level of utility or satisfaction to the consumer. In a perfectly competitive market, consumers are willing to switch between perfect substitutes based solely on price differences. Examples include generic brands of products like sugar, salt, or certain household goods.


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What does a diagram of a leaf look like?

this is the plant leaf diagram.


What is non-competitive physical activity?

a non competitive activity would be something like a puzzle , a colouring in sheet, and other things like that


What is a tree diagram in statistics?

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Do you like The Eagles?

No, but they usually are competitive in their division.


Assume that market for tennis balls is perfectly competitive When one tennis ball producer exits the market the price of tennis balls will?

RISE!The more producers that have to compete with each other on the market, the more chance there is that each will try to draw any business by lowering its price to the consumer.Sometimes, questions like this can be solved by imagining the ultimate scenario:Imagine for a moment that suddenly ALL tennis ball producers closed down except one. That one could ask almost any price for its tennis balls that a large proportion of players was prepared to pay ... the company would have much trouble in managing to cater for everyone anyway - until it had time to expand and meet market demand.