defintion of Perfect Competition

Question and answer

In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product.

Question

Asked 9/27/2012 6:42:45 PM

Updated 7/1/2014 3:37:42 PM

1 Answer/Comment

Get an answer

Search for an answer or ask Weegy.

New answers

Rating

alfred123

In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product.

Added 7/1/2014 3:37:42 PM

This answer has been confirmed as correct and helpful.

Confirmed by yumdrea [7/1/2014 3:53:23 PM]

Comments

There are no comments.

Add an answer or comment

Questions asked by the same visitor

Incentive

(More)

Question

Not Answered

Updated 8/8/2018 10:02:36 AM

1 Answer/Comment

Wallet.ro

An incentive is something that motivates an individual to perform an action.

Added 8/8/2018 7:38:39 AM

This answer has been confirmed as correct and helpful.

Confirmed by yumdrea [8/8/2018 10:02:30 AM]

Allocate

(More)

Question

Updated 8/21/2015 12:21:21 PM

1 Answer/Comment

yumdrea

Allocate means: to set apart for a special purpose; designate.

Added 8/21/2015 12:21:21 PM

This answer has been confirmed as correct and helpful.

Defintion of market share

(More)

Question

Updated 2/1/2018 12:08:01 PM

1 Answer/Comment

emdjay23

Market share is the percentage of a market (defined in terms of either units or revenue) accounted for by a specific entity.

Added 2/1/2018 11:51:34 AM

This answer has been confirmed as correct and helpful.

Confirmed by Masamune [2/1/2018 12:08:01 PM]

An interest rate is the price of money _____ or _____. spent, lent borrowed, saved supplied, loaned out

(More)

Question

Updated 2/23/2017 2:24:54 AM

1 Answer/Comment

sacha

An interest rate is the price of money borrowed or saved.

Added 2/22/2017 11:53:44 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [2/23/2017 1:31:26 AM]

_____ is the amount of money available in the economy, including the money in your wallet and demand deposits. Inflation Money demand Money supply

Weegy: Money supply is the amount of money available in the economy, including the money in your wallet and demand deposits. (More)

Question

Updated 9/16/2015 2:16:50 PM

0 Answers/Comments

37,604,799

questions answered

WINDOWPANE is the live-streaming app for sharing your life as it happens, without filters, editing, or anything fake.

Because you're already amazing.

Connect with others, with spontaneous photos and videos, and random live-streaming. Post thoughts, events, experiences, and milestones, as you travel along the path that is uniquely yours.

Share your world.

Popular Conversations

If an astronaut has a mass of 80 kilograms on earth, what will the ...

Weegy: If an astronaut has a mass of 80 kilograms on earth, [ the force of gravity on their body be on the moon will ...

3/21/2023 1:17:19 PM| 12 Answers

True false in terms of the percentage of alcohol Contant buy volume 1 ...

3/23/2023 1:34:24 AM| 7 Answers

Why should you be careful when clicking on search engine results that ...

Weegy: You should be careful when clicking on search engine results that are labeled "sponsored" because: They contain ...

3/23/2023 12:29:02 AM| 6 Answers

Which ICS function is responsible for documentation of mutual aid ...

Weegy: PLANNING ICS function is responsible for documentation of mutual aid agreements. User: At the incident scene, ...

3/30/2023 7:58:16 PM| 5 Answers

The layer of skin that grows new cells rapidly is called the _______. ...

Weegy: The layer of the skin that grows new cells rapidly is called the basal cell layer. User: ______ help blood ...

3/23/2023 7:53:11 PM| 5 Answers

Which ICS supervisory position title is used at the division/group ...

Weegy: The "Supervisor" is the ICS supervisory position title used at the division organizational level. User: When ...

3/23/2023 6:38:54 PM| 4 Answers

5. A 67-year-old patient was evaluated in the emergency room for ...

Weegy: A 67-year-old patient was evaluated in the Emergency Room for complaints of severe lower abdominal pain. A CAT ...

3/30/2023 3:26:27 PM| 4 Answers

How long should a resume be?

Weegy: A resume should ideally be one page long, and not more than two pages. User: Which of the following is NOT a ...

3/30/2023 1:24:14 AM| 4 Answers

When creating activities to support second-language learners, which ...

3/29/2023 7:34:17 PM| 4 Answers

What number is 22% of 320?

Weegy: 22% of 320 = 0.22 * 320 = 70.4 User: Susan wants to buy a paddle boat for $840. She'll pay 20% down and pay ...

3/29/2023 7:14:13 PM| 4 Answers

Convert 1927 from military time to regular time. Question

Weegy: The time 1927 converted from military time to regular time is 7:27 P.M. User: DeShawn is 37 years old. How ...

3/29/2023 6:00:06 PM| 4 Answers

Which of the following reasons supports why the colonies rejected the ...

Weegy: The Albany Plan of Union was rejected by the colonies. TRUE. User: What was the purpose for "checks and ...

3/28/2023 10:39:24 PM| 4 Answers