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Markets can generally fall into two categories: perfect competition and imperfect competition. Perfect competition features many buyers and sellers, homogeneous products, and easy entry and exit, leading to optimal resource allocation. In contrast, imperfect competition includes monopolies, oligopolies, and monopolistic competition, where market power, differentiated products, and barriers to entry can distort pricing and output decisions.
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What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
Two payment types in the circular flow model?
Resource Markets & Product Markets
What are the two payments in the free market circular flow model?
Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.
What are two types of competitive markets?
Monopolistic competition and oligopoly
Double auction markets with at least two sellers will generate prices that remain a little above prices from posted offer markets True False?
true
What are the two categories numbers fall into?
Odd and even.
What is the two categories into which steering gears fall?
fast and slow
Searches fall into what two broad categories?
warrant and warrantless searches
What categories do mentoplasties fall into?
Mentoplasties fall into two large categories: procedures that augment (increase) small or receding chins; and those that reduce large or protruding chins.
What two major categories to engines fall under?
Comedies, Tragedies and Histories
What two major categories do engines fall under?
Drugs and illegal drugsfast and slow
What are two categories that fall under a substance?
Two categories that fall under a substance are elements and compounds. Elements are made up of only one type of atom, while compounds are made up of two or more different types of atoms chemically bonded together.
What are the two fiber categories that all fiber cables fall within?
There are actually several binary, mutually exclusive categories fiber optic cables can fall under. The most common is propagation mode, of which the two types are single mode and multimode.
What are the types of urinary diversion surgery?
They fall into two categories: continent diversion and conduit diversion.
What different types of service breakdowns are there?
Generally they fall into two broad categories: hardware and software.
What are two categories that a Legislative Bill can fall into?
private- affects only a portion of peoplepublic- affects everyone
Generally all prime beef teams fall into one of two categories?
Engeneering and specialty teams
