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Why must perfectly competitive markets always deal in commoditities?
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Why must perfectly competitive market always deal in commodities?
Because the buyer will not pay extra for one particular company's good. The buyer will always choose the supplier with the lower price.
Why resources are not always mobile and willing to move?
Resources are not always mobile and willing to move because they tend to stay put and sometimes remain unemployed. Resource mobility, an ideal in the competitive free enterprise economy, is much more difficult to accomplish in the real world. When resources are immobile markets do not always function efficiently.
Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price?
Because if it set its price higher than the current market price, it would not sell anything; and if it set its price lower than the current price, it would sell all of its product, but it would not make an economic profit. Understand, however, that this does not happen in real life, because in real life, there is no such thing as a perfectly competitive market.
Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
Because monopolistically competitive firms have an optimal production allocation at monopoly values: marginal revenue = marginal cost, marking-up to the demand function. When competition is not perfect, marginal revenue does not equal demand but is always below it on a Cartesian plane, so the optimal production value of a monopolistically competitive firm is both less and at a higher price than a perfectly competitive one.
Why demand always downward slop in competitive market?
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
Why must perfectly competitive market always deal in commodities?
Because the buyer will not pay extra for one particular company's good. The buyer will always choose the supplier with the lower price.
What is the advantages of competitive environment?
A competitive environment always leads to evolution, which is the law of nature.
Why resources are not always mobile and willing to move?
Resources are not always mobile and willing to move because they tend to stay put and sometimes remain unemployed. Resource mobility, an ideal in the competitive free enterprise economy, is much more difficult to accomplish in the real world. When resources are immobile markets do not always function efficiently.
What is the word for always having to win?
competitive
Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price?
Because if it set its price higher than the current market price, it would not sell anything; and if it set its price lower than the current price, it would sell all of its product, but it would not make an economic profit. Understand, however, that this does not happen in real life, because in real life, there is no such thing as a perfectly competitive market.
Has sport always have to be competitive?
No that's why there r friendlies in soccer
Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
Because monopolistically competitive firms have an optimal production allocation at monopoly values: marginal revenue = marginal cost, marking-up to the demand function. When competition is not perfect, marginal revenue does not equal demand but is always below it on a Cartesian plane, so the optimal production value of a monopolistically competitive firm is both less and at a higher price than a perfectly competitive one.
What does it mean when a friend is competitive?
When a friend is "competitive" it means that he or she always likes to be the best and have more things, popularity, friends than you do. Friends that are competitive only think of themselves and like to be put first. A competitive friend is not a good friend. Hope this helped!
Is cheerleading and dance a competitive sport?
Yes, both cheerleading and dance are competitive sports, but not always. Both disciplines have their non-competitve applications as well.
Whats the word for always wanting to win?
Competitive, competitory, combative, agonistical
Is it ok to always start text conversations with a girl?
It's perfectly okay.
Does the Dow Jones trade over Easter?
No, Easter is always on a Sunday, and the markets are not open on weekends.
