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What is an example of a purely elastic market?
currency exchange market
What is a purely competitive industry?
Firms are price takers, price is equal to marginal costs, demand is perfectly elastic, i.e. constant and horizontal, the firms makes zero economics profits.
The representative firm in a purely competitive industry?
will
The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
If a purely competitive constant-cost industry is realizing economic profits you can expect industry supply to?
Remains the same...
What is an example of a purely elastic market?
currency exchange market
What is a purely competitive industry?
Firms are price takers, price is equal to marginal costs, demand is perfectly elastic, i.e. constant and horizontal, the firms makes zero economics profits.
What solid is elastic?
Lots of solids are elastic. Steel, for example. Another one is "elastic".
The representative firm in a purely competitive industry?
will
What is the aorta an example of?
elastic artery
What is an aorta an example of?
elastic artery
The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
If a purely competitive constant-cost industry is realizing economic profits you can expect industry supply to?
Remains the same...
What is the adverb of purity?
Purely is the adverb form of purity.An example sentence for you is:It is purely speculation at this stage.
Is an example of conservation of momentum?
Elastic collision.
An example of icemelting physical or chemial?
Purely physical
What is perfect elastic demand give some example?
no
