Pure Competition ANSWERS TO END-OF-CHAPTER QUESTIONS 21-1 Briefly state the basic characteristics of pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly. Under which of these market classifications does each of the following most accurately fit? (a) a supermarket in your hometown; (b) the steel industry; (c) a Kansas wheat farm; (d) the commercial bank in which you or your family has an account; (e) the automobile industry. In each case justify your classification. Pure competition:
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There are some generalized tips on how to make good and lasting relationship. * Listen to your beloved. * Try to show tolerance and be open-minded. Avoid showing sarcasm and negativity. In general‚ anything that can cause you a bad mood or her bad mood should be avoided. * You should learn to give as well as to take - to give or take is not the answer‚ only a combination of the two in equal measure. * Try to make your partner’s parents like you. It is very important for both of you
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My View of the Ideal Teacher The ideal teacher has a lasting positive impression on her students. I have had multiple positive student teacher experiences through my many years of formal education. Until this assignment‚ I had not spent a great deal of time contemplating the attributes of an ideal teacher. As most of the education majors‚ I want to have a positive impact on children’s lives and have them leave my classroom with greater knowledge than they entered it. During my most formative
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Chapter 8 Sample Multiple Choice Questions 1. In a competitive market‚ no single producer can influence the market price because a. many other sellers are offering a product that is essentially identical. b. consumers have more influence over the market price than producers do. c. government intervention prevents firms from influencing price. d. producers agree not to change the price. Suppose a firm in a competitive market received $1‚000 in total revenue and had a marginal revenue of $10 for the
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Thyme Uses: Rub chopped leaves (fresh or dried) into beef‚ lamb‚ veal‚ or pork before roasting. Sprinkle over eggs‚ cheese dishes‚ vegetables‚ fish‚ or poultry. Add to soups‚ stews‚ stuffings‚ and rice. Brew into tea with a little rosemary and mint. Tarragon Uses: Chop the anise-flavored leaves for use in soups‚ salads‚ egg dishes‚ stews‚ and soft cheeses. Excellent with lamb. Serve in melted butter with fish‚ steak‚ or vegetables. Constituent of tartar sauce and many chutneys. Makes good
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Today is my birthday and I’m on holiday with my parents. We had been on the plane for three hours‚ then we had been on what seemed to be the longest journey ever‚ to the ski-resort in the French Alps. As I went downstairs to breakfast‚ I looked out of the windows and saw the mountains beaming at me. I felt the butterflies fluttering in my stomach. Mum and Dad were already eating breakfast‚ Mum had orange juice‚ apparently she’s on another diet. "Happy Birthday Anna" they cheered in unison. I had
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Virtuous person is the Happy Person Is virtuous person the happy person? Does virtuousness leads to happiness? Aristotle claims that virtuous activity controls happiness. From this line‚ it is understandable that the virtuousness is the source of happiness. What are the components or the elements that form virtuousness then? How does one become a virtuous person to achieve happiness in a life? What is the definition of happiness? What are the qualifications and necessities to become a
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Directions: Read the article‚ “A Summary of Health Outcomes: Multistate Foodborne Disease Outbreaks in the U.S.‚ 1998-2007‚” and answer the questions below. • Answers must be complete sentences. • The assignment must be typed and submitted on Tuesday‚ February 19th prior to the exam. 1. What is a multistate FBDO? Multistate FBDO is a outbreaks that either spread to other states or originate from the same vector in multiple states at the same time.
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Ideal Person REL/133 Abstract For this assignment‚ we have been tasked to describe the ideal person according to Confucius. I will be including the concepts of ren‚ li‚ shu‚ xiao‚ and wen in my writing because these were the major Confucian virtues. Ideal Person There are many ways to describe the perfect person. If someone were to ask me what the ideal person is‚ I would say that the ideal person is one who has strong virtues‚ is a morally
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Life is truly short‚ so we have to know how to enjoy with moments of our life. There are many interesting and attractive things around us. These things make the days of us to become wonderful. For me‚ the most wonderful day is the day that I can live and share my life with my family and my friend. I am usually busy with my work and my study‚ so I do not have enough time for my family. This is the reason; the wonderful day of me is the day that I will have a vacation with my family and my friend’s
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