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Q: Why is a perfectly competitive market structure considered to be as an ideal economic system and what is the role of innovations in a perfectly competitive market structure?
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Which products included in the case of demand curve is inelastic and supply curve is perfectly elastic?

Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods. Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods.


What factor characterizes the competitive relationship between firms in an oligopoly market structure?

B. interdependence: what one firm does in setting prices, determining production levels, investing in R&D, and so forth can significantly affect other firms competitive positions.


A car manufacturer may regard his business as highly competitive because he is keenly aware of his rivalry with the other car manufacturers in the market when making pricing and investment decisions?

Oligopoly structure


What meaning o minimum efficient scale?

Minimum efficient scale (MES) is a term used in industrial organization to denote the smallest output that a plant (or firm) can produce such that its long run average costs are minimized. This concept is useful in determining the likely market structure of a market. For instance, if the minimum efficient scale is small relative to the overall size of the market (demand for the good), there will be a large number of firms. The firms in this market will be likely to behave in a perfectly competitive manor due to the large number of competitors.


What is an example of tertiary?

An example of Tertiary structure regarding proteins are: ~side chains reactions ~sulfide bridges ~hydrophobic reactions ~chaperone proteins A protein may require 2 or more chains; if so, it will be considered a Quaternary Structure.

Related questions

What tool that helps determine if a structure is perfectly horizontal?

level


What are causing the Pizza Hut industry's competitive structure and business environment to change?

Nothing


What type of competitive structure exists when a firm produces a product that has no close substitutes?

monopoly


When a structure is located in front of another structure it is considered to be?

anterior


How can you build a competitive and fast Yugioh warriors deck?

Get the warriors triumph structure deck and improve from there.


Is a diamond a 3-dimensional layered structure?

Yes, it is a 3d cubic structure, joints are orthogonal; Unlike a 2d structure such as a thin wafer of salt NaCl which because of its lattice structure, can form perfectly flat planes.


What Outline the major feature of a pure competitive market structure?

Out line the main features of parfect competition


What is structure Damage?

Your House is considered a "Structure". So damage to the structure would mean damage to your home.


Which products included in the case of demand curve is inelastic and supply curve is perfectly elastic?

Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods. Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods.


What inhibitor has a structure that is so similar to the substrate that it can bond to the enzyme just like the substrate?

Competitive inhibitor. It is termed to be an analogue. It is also known to sometimes act as a "catalytic poison".


What has the author Cheng Guan Er written?

Cheng Guan Er has written: 'Industrial structure and competitive strategy'


When a protein loses its three-dimensional structure and becomes nonfunctional it is considered to be what?

When a protein loses its three-dimensional structure it's considered denatured.