Same fast food restaurants in a town
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.
Competition is bad because it lowers your self esteem. without competition there are no losers and no winners but with competition there are winners but there are also losers.
For competition to occur, the environment somehow must be limiting (i.e., there must be something to compete for)
Competition occurs because there are limited supplies of resources that are essential for life.
Natural selection needs competition in order to occur
Natural selection needs competition in order to occur. This competition between species and individuals force the "survival of the fittest"
When resources are scarce
Rust will not occur where it is dry and humid
Hailstorms can occur anywhere, with the right conditions.
moist or wet conditions:)x
hot and wet conditions