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What is the difference between perfect competition and monopoly competition?
In perfect competition, the market consists of a large number of buyers and sellers of an identical good. A real world example that is close to this is the market for farm commodities, such as wheat or soybeans. The critical feature is that there are so many buyers and sellers that each buyer and seller assumes that their behavior will have no impact on the final market clearing price. That is, they assume the price will be $X no matter how much they buy and sell and furthermore they assume that they can buy and sell as much of the good as they want/can afford at that price. This sort of assumption is called "price taking behavior". In contrast, a monopolistically competitive market has many sellers, but they each sell a unique good. A good example of this is the soda market, which has many competing sellers such as Coke, Pepsi, Royal Crown, 7up, etc. Here, each seller can set whatever price they want for the good that they control, but they have to take into account how many other goods are close substitutes for the good that they sell. If there are many close substitutes, the end result will be similar to a perfectly competitive market; each seller will earn zero economic profit. In contrast, if no close substitutes exist, the market is a plain old monopoly and the monopolist earns economic profits.
Price of a dozen eggs in 1940?
59.84 in dem dere old ages
What was the lowest gas price in new jersey in 1998?
I remeber reading an old newspaper article stating that the price at one station in Northeast NJ was $0.969 a gallon.
What is the goal of all economic decisons in a market economy?
how old are you, 4! you can answer it! uh. no. that's not the answer. its benefit maximazation.
What type of economy best fits this description All economic decisions are based on age-old customs.?
Traditional
How you can know my market value?
old price is the new price
What is the opposite of an igloo?
An igloo is a home made from natural material at hand -- snow -- in the far North. The opposite would have to be a shelter made from man-made material in the South, perhaps a homeless person's cardboard box or hutch or a shanty made of some old corrugated steel sheets in the slums of Calcutta.
What do you do with a old cardboard box?
Make a house out of it if you have kids
What is the market price of a 1967 camaro rs convertible?
Go to manheim gold .com as they have prices for all old cars.
Can petrol stations charge the new prices if they have old petrol in the tanks?
obviously yes...because petrol like gold is priced at market price and not at the price which existed earlier.
How much does a cardboard chair cost?
depends on the make of it and how old it is
How much is a used computer for price?
All depends on how old it is and what components are inside it. With the price of new pc's being so low there is not a large market for used pc's. Expect to only get little for it.
Considerations of paper and cardboard packaging?
While I am sure plastics do have it's benefits, and it really depends on your product, marketing strategy, etc. I can personally talk more about paper-based packaging. Paper-based packaging, including corrugated cardboard, is economically viable and eco-friendly. Boxes, containers, cartons, sacks, and bags are part of our everyday lives and are made from trees that can be sustainably grown, managed, and harvested specifically for the paper industry or made from recovered and recycled fiber, allowing the industry to reuse it's own products. According to the EPA, paper-based packaging and corrugated packaging is recovered more than any other packaging material. More than 70% of all packaging recovered for recycling in the U.S. is from paperboard and in 2011, 91% of old corrugated containers were recovered for recycling. When it comes to protective packaging solutions, corrugated packaging is a clear leader and especially plays a large role in reducing the amount of food waste and product damage during shipping. Paper-based corrugated packaging has natural cushioning qualities that can also be customized with printed information on the packaging for easy identification and easy opening. In short, paper packaging is should be greatly considered when choosing packaging for a product.
What is a percent of reduction in price?
It is 100*(Old price - New Price)/Old Price, assuming that the New Price is less than the Old.
What are the uses for carboard?
You can make many things with cardboard and turn them into things for your kids. you can also store old things that are special and old that you don't have the heart to give away. Also you can give them to a buisness that needs cardboard.
What are biodegradable cartons made out of?
A pulpy slurry of old waste paper and cardboard.
When was Old Market Hall created?
Old Market Hall was created in 1596.
