Characteristics associated with perfect competition

Assignment Help Business Economics
Reference no: EM133372662

Question

Is the ride sharing industry a close approximation of a perfectly competitive market,given the characteristics associated with perfect competition such as number of drivers ease of entry and exit?

Reference no: EM133372662

Questions Cloud

Explain the concept of scarcity : Explain the concept of scarcity, and discuss methods used to combat this problem, including some we discussed in class.
Exporting surplus amount of turkey to other countries : Produces a large amount of turkey, keeping part of them for local consumption and exporting the surplus amount of turkey to other countries.
International competition using relavant economic principle : Explain reason why some Australian company may need to expand in a size in order to be successful in international competition using relavant economic principle
Why visits to some destinations maybe highly price elastic : Explain some reasons why visits to some destinations maybe highly price elastic, but others may not.
Characteristics associated with perfect competition : Is the ride sharing industry a close approximation of a perfectly competitive market,given the characteristics associated with perfect competition
Frequent conflict with coworker : Michelle is in frequent conflict with a coworker who spends much of the day on her smartphone rather than contributing to the group effort.
What characteristics-beliefs or worldviews impact : What characteristics, beliefs, or worldviews impact how members of Generation Z perform in the workplace? Which "hard skills" are most important in workplace.
Why are consistent management practices : Why are consistent management practices so important for an organization?
Argument about experiment : Which of the following argument about experiment is INCORRECT? Which of the following method CAN'T detect identifications?

Reviews

Write a Review

Business Economics Questions & Answers

  What amount will kurt have to pay

Damage to the parked car was $5,400, and damage to the store was $12,650. What amount will the insurance company pay for the damages. What amount will Kurt have to pay?

  Tax at the end of the year using progressive income tax

Your income last year accounts to $77,000.00 tax bracket are as follows :$0 - 20,000 pays 5% Above $20,000 to $50,000 pays 10% above $50,000 pays 15%. How much is your tax at the end of the year using 15% proportional income tax? How much is your tax..

  Evaluate its efforts in social responsibility

Which of the following is not one of the ways to evaluate its efforts in social responsibility? Which of the following captures the four domains that facilitate the likelihood that a business will benefit financially from its investments in philanthr..

  How does imposing rent controls affect the number

Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:

  What is the purpose of developing less powerful editions

Some personal computer software is sold at special discounts to students. Other software is provided in a less powerful version for students. Why do publishers offer discounts to students? What is the purpose of developing less powerful editions?

  Prevent damage caused by high risk-undesired pregnancies

The ONLY advantage of family planning is to prevent the damage caused by high risk and undesired pregnancies. Do you agree? Justify your answer.

  What is the probability that a randomly selected student

What is the probability that a randomly selected student will have a GRE score above 325?

  Gas sector of usa after the impact of covid 19

How will the consumer equilibrium be achieved in oil and gas sector of USA after the impact of covid 19?

  Then the proposal raiser chooses a particular proposal

The rule of choosing the final proposal is simple. First, Z is the person to determine who (either X or Y) is the proposal raiser. Then the proposal raiser chooses a particular proposal. Finally, the last person has the right to pass it or reject it...

  Expected return on the portfolio

You own a portfolio that has $3,200 invested in Stock A and $4,300 invested in Stock B. Assume the expected returns on these stocks are 12 percent and 18 percent, respectively. What is the expected return on the portfolio?

  What is equation for the indifference curve for utility

Sally the Greek’s preferences can be described by the utility function U(x, y) = (2x1/2 + y1/2)2. What is equation for the indifference curve for a utility of 25? (2). By how much does utility increase when Freddy increases consumption of good y by o..

  Initial shift from an authoritarian to democratic regime

What is the name given to the initial shift from an authoritarian to a democratic regime? What is the name given to the increasing strength and stability of a democratic regime after a democratic transition? Which would not likely be found in a conso..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd