The economists still use perfect competition as a credible theory because it is what the market strives to achieve. Markets strive to let buyers and sellers trade without unfairly giving the advantage to one party.
Perfection competition does not actually happen. It is a model. Within this model, all competitors are equal. This is very difficult to achieve in reality.
I have no idea what that is supposed to mean. I am sorry but better luck next time. But until we meet again on Wiki answers I will Be thinking of you! Not really but you can imagine that I am. And My name is of no convenience.
Perfect-many equal sellersMonopolistic- many sellers producing similar products that are perceived as different by buyersOligopoly-a few sellers dominate a makrketMonopoly- only one major seller
The theoretical framework of business environment is the collection of concepts. It is like a theory but the only difference is they are not really worked out as much as theories are.
Anywhere from face value (if it's in really rough condition), up to $4,000 if it's in perfect uncirculated condition.
If you apply yourself and if you are really good in the subject or activity, then yes you can win a competition. Practice makes perfect.
In imperfect competition, there are really big companies that have a large effect on the economy, and there is even a monopoly sometimes. In perfect competitions, one of the requirements is not to have any sole firm have any noticeable impact on the economy.
Perfection competition does not actually happen. It is a model. Within this model, all competitors are equal. This is very difficult to achieve in reality.
I have no idea what that is supposed to mean. I am sorry but better luck next time. But until we meet again on Wiki answers I will Be thinking of you! Not really but you can imagine that I am. And My name is of no convenience.
Perfect really means that you cannot see any flaws.
Do rephrase how you practice really makes perfect.
Perfect-many equal sellersMonopolistic- many sellers producing similar products that are perceived as different by buyersOligopoly-a few sellers dominate a makrketMonopoly- only one major seller
theoretical background is the what I want to ask and I really dont know what is that stuff, I hate that stuff that is my assignment...damt it!
The theoretical framework of business environment is the collection of concepts. It is like a theory but the only difference is they are not really worked out as much as theories are.
Theoretical probability is what should occur (what you think is going to occur) and experimental probability is what really occurs when you conduct an experiment.
train and get really good
yes they have!!! cuz Moore is bomb and marches really, EXTREMLY awesome!! Moore also plays their songs so perfect. of cource they have won swepstakes. they eve have won sweepstakes on a REALLY hot day(their first competition in 2009) THEY ROCK!!!!