Recent Posts • Latest Topics • Unanswered Questions

A firm in a perfectly competitive market has no control over price because

yufeige4

wrote...

Go to Answer

Posts: 467

Rep:

3 years ago

A firm in a perfectly competitive market has no control over price because

A firm in a perfectly competitive market has no control over price because

▸ every firm's product is a perfect substitute for every other firm's product, and there is a very large number of firms in the industry.

▸ the government imposes price ceilings on the products produced in perfectly competitive industries.

▸ there is free entry and exit from the industry.

▸ the market demand for products produced in perfectly competitive industries is perfectly elastic.

Textbook

Essential Economics for Business

Edition: 5^th

Authors: Sloman, Jones

Read 32 times

1 Reply

Report

Replies

Answer verified by a subject expert

jackjohnson74

wrote...

Posts: 384

Rep:

3 years ago

More solutions for this book are available here

1 Vote

cfishing

Report

Related Topics

yufeige4 Author

wrote...

3 years ago

Thanks

Shassta22

wrote...

Yesterday

This helped my grade so much Perfect

kriggs62

wrote...

2 hours ago

Correct

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

947 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

738

339

1160

Your Opinion

Previous poll results: Where do you get your textbooks?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.