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Because, if unrestrained by a meddlesome government, it results in THE most efficient allocation of resources. At the equilibrium price, all the sellers will be able to sell exactly as much as they want to sell, and all the buyers will be able to buy exactly as much as they want to buy. No shortages, no surpluses. Companies make a reasonable, but not windfall profit.
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What business model creates a market structure that most closely approximates a market structure of pure competition?
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.
What is a market structure of the mining industry?
pure competition
What business models creates a market structure that most closely approximates a market structure of pure competition?
Apex question, answer removed, copyright violation
What Outline the major feature of a pure competitive market structure?
Out line the main features of parfect competition
What market structures can exist in a free market?
Oligopoly, Pure competition, Monopolistic competition
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
What are the basic market model?
There are four basic market models based on the amount of competition within the industry. They are pure competition, monopolistic competition, oligopoly, and pure monopoly.
What is a example of pure competition?
Pure competition is one that occurs when there are no artificial factors introduced in the market. This means that there would no government regulation.
What market is pure competition?
Pure Competition is a market situation where there is a large number of independent sellers offering identical products.Pure competition is a term for an industry where competition isstagnant and relatively non competitive. Companies within the pure competition category have little control of price or distribution of product. Advertising, market research, and product development play a very little role in these companies/industries.
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
An example of a company that is doing pure competition in the market?
markets for agricultural goods such as sugar and for finacial securities such as shares are the closest approximation to pure competition . in reality , pure competition doesnt exist
