hoshoronline8238 hoshoronline8238
  • 14-09-2017
  • Business
contestada

The market for tomatoes does not exhibit the two primary characteristics that define perfectly competitive markets.

Respuesta :

Erudite1
Erudite1 Erudite1
  • 23-09-2017
The statement above is FALSE.
The two primary characteristics that defined a perfectly competitive market are  homogeneous product and large number of buyers and sellers. Tomato market has these two characteristics. 
All the sellers  sell the same tomato, the price of tomato is the same and the supplier are many, so none of the supplier can influence the price of tomato.

Answer Link

Otras preguntas

10u + 7 = 8 ( 2u - 4 ) - 9
on sara's computer, 3/8 of the hard drive is files. Of the files, 1/6 are games . What part of the hard drive is games?
Why did Henry Clay group his resolutions in pairs in the Compromise of 1850?
Why did Henry Clay group his resolutions in pairs in the Compromise of 1850?
What were the 4 major truths Jefferson presented in the declaration of independence?
What were the 4 major truths Jefferson presented in the declaration of independence?
36 is _______% less than 60?
Why did Henry Clay group his resolutions in pairs in the Compromise of 1850?
how have computers changed mapmaking in recent years
on sara's computer, 3/8 of the hard drive is files. Of the files, 1/6 are games . What part of the hard drive is games?