Explain why is it that a firm in a perfectly competitive

Reference no: EM1337449

Why can't competitive firms affect price?

Why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then? Please explain.

Reference no: EM1337449

Questions Cloud

Express currently used tools and recommended measures : Web phishing, pharming and vishing are popular web based scams. examine currently used tools and recommended measures to defeat this kind of attacks efficiently? Specifically focus on solutions that can be implemented at the network infrastructure ..

Finding critical path and project duration : Find the critical path and project duration in days. Given that each resource is assigned 100% to each task, identify the resource constraints.

Issue and effects of identity theft : Do you understand the issue and the effects of identity theft? Do you support the adoption of this legislation? Why or Why not?

Explain of how they may be used in an organization : Identification of features to be used as-is, possible modifications and additions.explain of how they may be used in an organization.

Explain why is it that a firm in a perfectly competitive : Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.

Clarification of ratio analysis : Average Weighted Cost of Capital, Risk Premium, debt to equity and the Current assets of GPC Genuine Parts Company for the most recent 5 years.

Explain integrated marketing communications (imc) approach : Explain Integrated Marketing Communications (IMC) Approach- Communication and Promotion in Marketing Mix

Analyzing the current situation : After analyzing the current situation, the consultant proposes to hire a second cashier at a rate of 9$ an hour to serve the same line that the first cashier service. What is the probability of finding both cashiers busy?

Procurements form of formal or informal risk review : All of these are considered projects or procurements that required some form of formal or informal risk review.

User Account

All Pages