Requirements for pure competition

The needs for pure competition are most intimately met by the market for: (i) domestic (American) steel. (ii) comic books. (iii) sugar-coated cereal within your local grocery store. (iv) stocks and bonds traded on Wall Street after they have been issued. (v) major-frame computers.

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

View Complete Question

Related Questions in Microeconomics

Q : Human Capital and Wage Differentials

Relative to the equally strong, smart and hard working people with minimum education, the high school graduates who invest much heavily in more advanced formal education are probable to experience the lower average: (i) Wages whenever first enter the work force. (ii)

Q : Labor markets gain maximization When,

When, after hiring the very last worker, the organization’s profit is similar as it was before the last worker was hired, then the firm must: (p) Hire more workers to raise the profit. (q) Layoff some workers to raise the profit. (r) Not appoint any more workers

Q : Bank rate on money supply What will be

What will be the consequence of a rise or fall in the bank rate on money supply? Answer: It will reduce or raise the money supply.

Q : Occurrence of nominal price lower then

When the nominal price of apples at a remote orchard is fewer than at a local grocery store, in that case you are more probable to buy at the orchard when: (w) at all possible, because produce is invariably cheaper at the orchard. (x) you desire to bu

Q : Price Elasticity-Income Elasticity and

When both population and per capita income grow across time, in that case your income will tend to be most erratic but the goods you sell are: (1) both income inelastic and price inelastic within demand. (2) a large part of classical

Q : London Olympics-how will the economy be

‘Describe the influence of London Olympics on economy?’

Q : Implication of freedom of entry and

Describe the implication of freedom of entry and exit to the firms beneath perfect competition.

Q : Vigorous competition by firms in an

Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com

Q : Illustration of Inferior Goods I have a

I have a problem in economics on Illustration of Inferior Goods. Please help me in the following question. When the amount of a good your family purchases raises as your family income reduce, then the good is a/an: (i) Durable goods. (ii) Inferior goo

Q : History of labor-Yellow Dog Contracts

The agreements not to join unions were once general needs for employment. Now outlawed, such are termed as: (1) Blacklist contracts. (2) Feather-bedding certificates. (3) Employment screens. (4) Exclusionary provisions. (5) Yellow dog contracts.

Discover Q & A

Leading Solution Library

Avail More Than 1419050 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926422
Asked

3,689

Active Tutors

1419050

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment