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tutor101 tutor101
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9 years ago Edited: 9 years ago, tutor101
Which of the following is (are) most likely to be produced under conditions resembling perfect competition - automobiles, beer, corn, diamonds, and eggs. Defend your answer in economic terms.
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wrote...
9 years ago
automobiles , corn and eggs
because in perfect competition no one will be able to control the market on its own and the producers have to produce according to the common demand of man
Answer rejected by topic starter
wrote...
9 years ago
BEER,CORN; THESE ARE MOST LIKELY TO PRODUCED UNDER CONDITIONS RESEMBLING PERFECT COMPETITION.BECAUSE DEMAND AND SUPPLY ARE PROPOTNOL RELATED UNDER THE MARKET.
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