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What else can I help you with?
What is the definition of perfect knowledge in economics?
In economics, perfect knowledge describes the state in which a consumer has all possible information in order to make a decision. This situation is ideal, not usual.
The highest form of competition in economics called?
perfect competition
What use is the concept of perfect competition in business economics?
circular flow
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
Is housing property market perfect competition?
No. There is no such thing as a perfectly competitive market, as it is only used as a model in economics.
What is the present perfect of illustrate?
Have/has illustrated.
Who has the exercise about fundation year economics such as the theory of the perfect competition and economics of the firm?
die
What is the definition of perfect knowledge in economics?
In economics, perfect knowledge describes the state in which a consumer has all possible information in order to make a decision. This situation is ideal, not usual.
Explain in what way a perfect competition model is a useful analytical tool in economics?
the perfect model
The highest form of competition in economics called?
perfect competition
What use is the concept of perfect competition in business economics?
circular flow
What are the common strategies for a good discussion?
wording should be good & perfect.
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
Is housing property market perfect competition?
No. There is no such thing as a perfectly competitive market, as it is only used as a model in economics.
How do indifference curves represent the concept of perfect substitutes in economics?
Indifference curves in economics represent the concept of perfect substitutes by showing that consumers are equally satisfied with either of the two goods being substituted. This means that the consumer is indifferent between the two goods and is willing to trade one for the other at a constant rate.
Why do you hear of cases of discrimination exclusion or persecution in the name of religion?
Humans are imperfect. Even a perfect religion, if there is such a thing, is bound to be flawed in execution.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
