What assumptions are necessary for a market to be perfectly competitive? Why each of these assumptions...

What assumptions are necessary for a market to be perfectly competitive? Why each of these assumptions seem important to you. For a perfectly competitive firm following information are available: Q = 100 units; AC = Taka 25, AVC =Taka 10; P = Taka 20. Based on the on the information provide your recommendation for the firm.

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Rahul Sunny answered 3 years ago

6. a)What assumptions are necessary for a market to be perfectly competitive? Why each of these...

6. a)What assumptions are necessary for a market to be perfectly competitive? Why each of these assumptions seem important to you? b. For a perfectly competitive firm following information are available: Q = 100 units; AC = Taka 25, AVC =Taka 10; P = Taka 20. Based on the on the information provide your recommendation for the firm.

What are the necessary conditions for a perfectly competitive market to exist

Is the gas market a perfectly competitive market? Why or Why not? What is the cause...

Is the gas market a perfectly competitive market? Why or Why not? What is the cause of these high prices? Are oil companies to blame? Is the government to blame? Should we enact price controls on the market? What can we do to combat the high prices

What is a perfectly competitive market, please explain (thoroughly). Why most industries are not perfectly competitive,...

What is a perfectly competitive market, please explain (thoroughly). Why most industries are not perfectly competitive, explain and provide examples. Use your book to explain the different markets. **Important Information for Discussion Forum Topics: For the student to earn the full 100 points for each Discussion Forum Topic, ALL must meet the following criteria: 1. Submitted posts in a timely manner and in step with the posted topic calendar deadlines. Professional presentation is required with no grammar, spelling or punctuation...

What are the characteristics of a perfectly competitive market?

Explain SEVEN (7) conditions necessary for a perfectly competitive market to exist. (7)

List each of the five characteristics of a perfectly competitive market and briefly explain each. What...

List each of the five characteristics of a perfectly competitive market and briefly explain each. What are the implications of these characteristics for firm behavior, market prices, and efficiency? Discuss how common it is for each of these assumptions to be met in actual market situations. Based on that discussion, what role might government have to play in regulating markets towards achieving efficient (socially optimal) outcomes? Use graphical analysis when appropriate.

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What assumptions are necessary for a market to be perfectly competitive? Why each of these assumptions...

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