economics

Perfect competition is described at its 1. worst 2. most efficient 3. totally outdated in understanding real economic world or 4. both 1 and 2.

Who is describing perfect competition?

  1. 0
  2. 0
  3. 12
asked by kustudent

Respond to this Question

First Name

Your Response

Similar Questions

  1. microeconomics - monopoly vs perfect competition

    hi, can sum1 help me? wats difference between monopoly and perfect competition? one is a solely dominated market and the other is a market with many producers 1)The monopolist is the price-maker. But the firm i under aperfect

    asked by RyaN on November 9, 2006
  2. Economics

    Among monopoly, oligopoly, Monopolistic competition, and perfect competition, how would you classify the markets for each of the following drinks? a. tap water b. bottled water c. cola d. beer I think it would be... a. Monopoly b.

    asked by Sammy on December 5, 2006
  3. Check

    13. Giganeers faces competition from many other companies that also provide engineering consulting services. In order to gain more business, Gig has tried to convince potential clients that his company offers better service than

    asked by Bryan on March 9, 2009
  4. business

    You have recently been hired as a new manager hired into a failing division in a company. The product line is outdated and losing market share, inter-departmental communication is adversarial, and competition for corporate funding

    asked by bryan on November 1, 2010
  5. bus

    You have recently been hired as a new manager hired into a failing division in a company. The product line is outdated and losing market share, inter-departmental communication is adversarial, and competition for corporate funding

    asked by cmills on February 26, 2010
  6. Microeconomics

    "In both monopoly and perfect competition the profit maximising output is at the level at which MR = MC, but only in the latter is the optimum output level such that P = MC" Explain the above statement by comparing the model of

    asked by James on October 30, 2006
  7. Business Management

    You have recently been hired as a new manager hired into a failing division in a company. The product line is outdated and losing market share, inter-departmental communication is adversarial, and competition for corporate funding

    asked by Rodney on November 24, 2009
  8. Microeconomics :o)

    "In both monopoly and perfect competition the profit maximising output is at the level at which MR = MC, but only in the latter is the optimum output level such that P = MC" Explain the above statement by comparing the model of

    asked by James on October 30, 2006
  9. English Please Help

    In this discussion, you will post issues related to competition and conflict. Refer to the texts in this section, other text you have read, and your personal experience and knowledge to support your ideas. Begin your discussion by

    asked by Markus on May 15, 2016
  10. Economics

    Heres one IM SURE economist will enjoy... Always saying MC = MR :) Please help... I know its something to do with Perfectly competitive firms being price takers! right?? Question: “In both monopoly and perfect competition the

    asked by D on October 27, 2006

More Similar Questions