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What type of market structure is firms have a relatively small market share And firms produce and sell identical products?
This market structure is known as perfect competition. In perfect competition, there are many firms, each with a relatively small market share, and they produce and sell identical or homogeneous products. Because the products are indistinguishable, no single firm can influence the market price, leading to a situation where prices are determined by supply and demand. Additionally, there are no significant barriers to entry or exit in this market structure.
What else can I help you with?
Why do firms produce multiple products?
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
Define oligopoly and monopoly?
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
What products does Chad produce?
food
Why is sugarcane important to Panama?
it produce the products needed
What company is it that does not produce any products or services?
A+ holding company :)
What type of dairy product does the Ayrshire produce?
They are identical to the products produced by the Holstein, Gurnsey, Jersey or Brown Swiss. They produce raw milk which is then converted into other dairy products.
Why do cells produce identical cells?
genos
How does Sony produce its products?
They produce their products by skill.
Does cloning produce an organism with identical DNA?
No. Think of a clone as an identical twin, just born a lot later.
The process of produces a large number of identical products?
High-volume production is the process utilized to produce a large number of the same product. An example would be washing machines.
What The cloning steps used to produce new plants are?
What technique is used to produce identical tomato plants
Why do firms produce multiple products?
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
How many daughter cells does meiosis have?
Meiosis will produce 4 cells that are not identical to the parent cell but are identical to each other.
What is produce by the end of the cell cycle?
Two identical daughter cells.
What does yeast produce offspring usually have?
Genes that are identical to those of the parent
When cells divide to create 2 identical cells the produce by?
meiosos
How many identical cells were formed after mitosis?
Mitosis results in two identical daughter cells that are genetically identical to the parent cell. So one parent cell can produce two identical daughter cells after mitosis.
