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Wal-Mart is almost certainly not an example of pure competition. Pure competition is characterized by a very large number of sellers - each with an almost infinitesimally small market share - selling a non-differentiated product. Wal-Mart's market share is immense (as you stated) and they differentiate their product through branding measures that include everyday low prices, convenient hours, etc. There can be tough competition in every market structure (except monopoly) but that does not mean that the market meets the definition of pure competition.
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What are the characteristics of demonstration method of teaching?
Demonstration is a kind of teaching that involves an instructor who carries out a sample task and the learner tries to emulate the steps. It relies on action instead of pure theory.
Is pure water is alkali?
No,pure water is not alkali.Pure water is neutral.
Are smarties a pure substance?
No.
What characteristics of Earth allow liquid water to exist?
The temperature at and near the surface is greater than 0° Celsius (freezing point of pure water), and lower than 100° Celsius (boiling point of pure water). The atmospheric pressure is high enough to maintain the effective boiling point below the maximum surface temperature (about 67° Celsius), up to an altitude of at least 35,000 feet. There is also a volume of water far greater than the water vapor capacity of the atmosphere at average temperatures.
Is pure water an electrical conductor?
At a high enough voltage, everything is an electrical conductor. Pure water is an exceptionally bad electrical conductor, though.
What are five characteristics of pure competition?
I need an answer what are 5 characteristics of pure competition?
What company is an example of pure competition?
WALMART
What are the four characteristics of a pure monopoly?
1) Only one firm in the market (no competition). 2) Significant barriers to entry by other firms exist. 3) Lack of substitute goos for the monopolist's good. 4) Firm is a price-maker.
What is the distinctive feature of the demand curve of a firm in pure competition?
The demand curve would be perfectly elastic.
What are the characteristics of platinum?
The characteristics of platinum are numerous. These include having a lustrous silver-white color when in pure form, being resistant to corrosion, being firm, and being malleable.
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
What is A pure monopolist?
A pure monopolist is a market structure in which a single firm dominates the industry and has significant control over the market supply and pricing. This firm is the sole provider of a particular product or service, facing no competition and having the ability to set prices at higher levels without losing customers.
Which is the reason why there is no advertising by individual firms under pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
What are 4 characteristics of of pure competition?
the industry's demand curve is perfectly elastic
What are the examples of pure competition?
The textile industry is probably the closest example to pure competition on Earth.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What is an example of pure competition?
The textile industry is probably the closest example to pure competition on Earth.
