What is a competitive market? Describe and give an example.

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Rahul Sunny answered 1 year ago

Describe what is a competitive advantage and give an example. (200 word)

7. What are the four “Market Structures”? Please describe each Market Structure and give an example...

7. What are the four “Market Structures”? Please describe each Market Structure and give an example of a firm that belongs in each of the four Market Structures, preferably a firm that was not discussed previously. 8. What is a “natural monopoly”? Please give an example. 9. Why are natural monopolies often regulated by some sort of Government Regulatory Agency? 10. In YOUR OPINION, SHOULD THE STATE OF CALIFORNIA HAVE TAKEN OVER PG&E? Why or why not?

Describe the role of prices in market economies. Give an example.

Give an example of a monopolistically competitive market that could become a monopolistic or dominant firm...

Give an example of a monopolistically competitive market that could become a monopolistic or dominant firm market under certain possible circumstances. What are those circumstances and how will they make this market less competitive?

Give an example of a market distortion and explain what it does to the market.

Give an example of a perfectly competitive market (or one that closely approximates one). Explain why...

Give an example of a perfectly competitive market (or one that closely approximates one). Explain why you believe this market is competitive. If you can’t think of such a market, explain why it is difficult to find a perfectly competitive market. Be specific.

Give an example of a perfectly competitive market (or one that closely approximates one) except those...

Give an example of a perfectly competitive market (or one that closely approximates one) except those given in chapter 5. Explain why you believe this market is competitive. If you can’t think of such a market, explain why it is difficult to find a perfectly competitive market. Be specific. Give an example of a market that is not currently perfectly competitive but could become one, or at least more competitive, under certain possible circumstances. What are those circumstances and how...

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