Identify the seven features of perfectly competitive free markets
Please provide the best answer for the statement.
Answer: First, there are many buyers and sellers and none of them have a substantial market share. Second, all buyers and sellers can freely enter and leave the market. Third, each buyer and seller has full knowledge about what other buyers and sellers are doing, including price, quantities, and the quality of the goods being bought and sold. Fourth, the goods sold in the market are all so similar that no one cares who buys and who sells. Fifth, the costs and benefits of producing or using the goods exchanged are placed entirely on those buying or selling the goods, not on external parties. Sixth, all buyers and sellers are utility maximizers, that is, each tries to get as much as possible for as little as possible. Finally, there are no external parties, such as governments, trying to regulate things like price, quantity, or quality of any goods being bought or sold.
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Mortimer argues that society exists for the good of its individual members
Indicate whether the statement is true or false.The cultures in which indigenous religions are based are not predominantly oral
Indicate whether the statement is true or false
Write an argument schema that employs a disjunctive syllogism
What will be an ideal response?
"At the heart of the disagreement between just war theorists and realists is whether nations are really like ____________________, that is, whether they have ethical rights and obligations."
Fill in the blank(s) with the appropriate word(s).