--%>
Assignment Help - homework help

Characteristics of purely competitive markets

Characteristics of purely competitive markets do not comprise: (w) homogeneous products. (x) large numbers of potential buyers. (y) large numbers of potential sellers. (z) the capability of sellers to set prices.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Marginal Revenue and Total Revenue If a

    If a monopolist which does not price discriminate has maximum total revenue as: (1) demand is perfectly price elastic. (2) marginal revenue is positive. (3) demand is relatively inelastic  (4) marginal revenue is

    		•
  • Q : Supply law and it's factors State the

    State the Law of supply and explain the factors that affecting supply of commodity

    		•
  • Q : Individual taker in pure competition

    For a particular price taker: (w) price is uninfluenced by quantity. (x) total revenue is constant. (y) profit is constant. (z) consumer surplus is zero. I need a good answer on the topic of Economics

  • Q : Output level at demand in a

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, with automatic audio and text translations in any of the other three-hundred-thirteen languages. Babble-On will never intentionally produce as well as sell vo

    		•
  • Q : Unambiguously Poverty Poverty is most

    Poverty is most unambiguously: (w) an absolute concept that is easily and precisely defined. (x) more prevalent in North America than elsewhere. (y) the absence of income sufficient to survive in reasonable comfort. (z) a relative concept when poverty

    		•
  • Q : Preferance of food after income rises

    Assume that, for you, lobster is an ordinary good and peanut butter is a poorer good. When your income increases, you will probably consume: (1) Greater of both goods. (2) Less of both goods. (3) Greater peanut butter and less lobster. (4) Greater lobster and less pea

    		•
  • Q : Determine the equilibrium prises When

    When both sellers and potential buyers suppose prices for rider lawn mowers to raise as summer approaches, in that case throughout March and April (in the short run), the equilibrium: (w) price falls but quantity changes are ambiguous. (x) price rises

    		•
  • Q : Find total revenue when relatively

    When the demand for Tantalizingly Tart Tangerine-ade of Tasty Toni is relatively price elastic, then Toni can boost her total revenue through: (w) raising her price. (x) keeping her price similar. (y) lowering her pri

    		•
  • Q : Synonym of Word Inequity Of the given,

    Of the given, the closest synonym for the word inequity is: (w) inequality. (x) disproportional. (y) unfairness. (z) regressivity. Can someone explain/help me with best solution about problem of Economics

    		•
  • Q : Define change in demand Change in

    Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.

    		•