Ask Question
SATSAT
17 February, 05:16

What is a pure market model

+1
Answers (2)
  1. 17 February, 05:52
    0
    A pure market model is an economic system that relies on markets to allocate resources.
  2. 17 February, 07:40
    0
    It is a synonym for a purely competitive market (perfect competition). On this type of market the supply (of a homogenous good) is big, and the price is determined by the demand of this goods. Therefore, suppliers on this market are known as price takes. So the model shows supply, demand and therefore the price and quantity in equilibrium.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a pure market model ...” in 📙 SAT if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the object that is small chunk of rock or metal?
Answers (1)
Summarizing an essay after reading it is useful in order to
Answers (1)
What term generally describes small chunks of rocks and debris in space? A. meteorites B. meteoroids C. meteors D. meteorides
Answers (1)
The theory of sleep that best explains why bears hibernate all winter is the what theory?
Answers (2)
A deck of cards contains red cards numbered 1 through 9, blue cards numbered 1 through 7, and green cards numbered 1 theough 13. What is the probability that the card is green?
Answers (1)
New Questions in SAT
What makes a good person?
Answers (2)
Which nonverbal communication technique is the best way to let customers know that you are honest? making eye contact holding a neutral facial expression taking written notes using expressive gestures
Answers (2)
Why do we hav to take the sat
Answers (1)
Which renewable energy more effecient than the other and not limited
Answers (1)
What do you understand by the term standard features in a magazine.
Answers (1)
Home » SAT » What is a pure market model
Sign Up Forgot Password?