Question

which of the following correctly characterises a perfectly competitive labour market?

which of the following correctly characterises a perfectly competitive labour market?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer:-

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Now suppose that the labour market is perfectly competitive (i.e. there are many firms in the...
Now suppose that the labour market is perfectly competitive (i.e. there are many firms in the labour market and they take the market wage as given). Explain using a graph or in clear words how introducing a minimum wage can decrease employment.
24. Which of the following is a NOT characteristic of a perfectly competitive market? There are...
24. Which of the following is a NOT characteristic of a perfectly competitive market? There are many buyers and sellers. Firms sell differentiated products. There are no barriers to entry Buyers and sellers are price takers.
Which of the following is true in both a monopoly market and a perfectly competitive market?...
Which of the following is true in both a monopoly market and a perfectly competitive market? a. Price is equal to Marginal Cost b. Long-run Profits are always zero c. Price is greater than Average Variable Cost d. None of the above
25. Which of the following is most likely to be qualified as a perfectly competitive market?...
25. Which of the following is most likely to be qualified as a perfectly competitive market?    a. Airline industry b. Stock market c. Gas station d. Power utility industry
Which of the following is not a characteristic of the structure of perfectly competitive markets? Each...
Which of the following is not a characteristic of the structure of perfectly competitive markets? Each individual firm is small in size relative to the overall market. Few sellers. Homogeneous product. Easy, low cost entry and exit. QUESTION 2 In the perfectly competitive market, all firms in the market are assumed to be producing: Identical products. differentiated products. products that are heavily advertised. complimentary products. QUESTION 3 Which of the following is characteristic of a perfectly competitive market? There is...
1. Which of the following statements is correct? a. In a perfectly competitive market, if the...
1. Which of the following statements is correct? a. In a perfectly competitive market, if the entry of new firms has no effect on input prices, the long-run supply curve is horizontal at the long-run equilibrium price. b. In a perfectly competitive market, if the entry of new firms increases input prices, the long-run supply curve is upward sloping. c. In a perfectly competitive market, if the entry of new firms reduces input prices, the long-run supply curve is downward...
Q10 - Which of the following is a characteristic of a perfectly competitive market? 1. A...
Q10 - Which of the following is a characteristic of a perfectly competitive market? 1. A large number of firms in a market. 2. Selling a standardized product. 3. No barriers to entry. 4. All of the above. Q11 - Under which conditions might diseconomies of scale result? 1. Hampered coordination brought about by bureaucracy. 2. Decreasing costs of inputs 3. Increasing output prices. 4. Usage of a large amount of indivisible inputs by the firm.
Which of the following characterizes a perfectly competitive market? A downward-sloping demand curve facing the firm....
Which of the following characterizes a perfectly competitive market? A downward-sloping demand curve facing the firm. A selling price at the market-established equilibrium price. A few firms that compete by changing price. A horizontal demand curve for the market.
Which of the characteristics of the perfectly competitive market structure are found in the Flower Auction...
Which of the characteristics of the perfectly competitive market structure are found in the Flower Auction Aalsmeer?
2. Cost pass-through in the perfectly competitive market Consider a perfectly competitive market in which the...
2. Cost pass-through in the perfectly competitive market Consider a perfectly competitive market in which the demand function is q = 100 – 4 p and the supply function is q = - 20 + 2 p. Calculate the market equilibrium price and quantity. Calculate the price elasticity of demand, η, and the price elasticity of supply, ε, at the market equilibrium. Calculate the percentage of pass-through P by using the formulae P = ε/(ε-η). Now, suppose due to government...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT