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Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.
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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.
In what ways did economic competition between countries come at the expense of others?
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What ways did economic competition between countries come at the expense of others?
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Q3 Explain briefly the technique of marginal costing In what ways do you consider this?
The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output. More formally, the marginal cost is the derivative of total production costs with respect to the level of output. Marginal cost and average cost can differ greatly. For example, suppose it costs $1000 to produce 100 units and $1020 to produce 101 units. The average cost per unit is $10, but the marginal cost of the 101st unit is $20 The Econ Model applications Perfect Competition and Monopoly emphasize the roles of average cost and marginal cost curves. The short movie Derive a Supply Curve (40 seconds) shows an excerpt from the Perfect Competition presentation that derives a supply curve from profit maximizing behavior and a marginal cost curve.
List four ways that competition increases productivity?
1. Drives people to work harder and faster 2. Pushes people to improve their skills and knowledge 3. Encourages finding new and better ways of doing things 4. Eliminates unproductive or inefficient competitors
4 ways to translate the imperfect tense in latin?
The imperfect tense can be translated as:was/were ______ ingused to _____kept _____ ingThe fourth way is simply the past tense of the verb, as with the perfect tense.
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 are some ways in which galaxies differ?
habitats can differ temperture,moisture,and many other ways.
Give two ways fatty acid molecules differ?
differ from what?
What gem is imperfect?
All gems can be imperfect in various ways, including having inclusions, color zoning, or cracks. However, it's essential to note that imperfections can add character and uniqueness to a gemstone.
In what ways if any does a single celled organism differ from its parents?
In what ways, if any, does a single-celled organism differ from its parents?
Which is not one of the three ways to represent the imperfect square root of 45?
Drawing a picture of a banana is NOT a way.
In what ways do minerals differ each other?
minerals differ in appearance and texture
How do you say had in French?
Had can not be so easily translated literaly. It is in french the "imparfait" tense (preterit) for the verbe avoir. I had - j'avais You had - tu avais He (or she) had - il (or elle) avait We had - nous avions You had -vous aviez They had - ils avaient The best is to give a sentence or a context.
How do organisms differ in the ways they obtain food?
they differ because they make their own food
How did democrats and republicans differ onthe best ways to improve opportunity for americans?
how did democrats and republicans differ on hte best ways to improve opportuinity for Americans
What are three ways in which the ocean's zone differ from one another?
what are three ways that ocean zones differ from one another
