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The market structure of pure competition is distinctive because —
?

Answers

Answer 1

Explanation:

Pure Competition is one of the several market structures like monopoly, oligopoly, etc. Pure competition is called the Perfect Competition. This is the market structure in which there are large number of competitors who are selling the same product in the market.

- Pure Competition is distinctive because of its following characteristics:

- In this structure, no seller can sell better or can't offer something different than the other competitor. Competitors have identical products.

- All sellers are equal, no seller has an edge over the other.

- New companies can easily enter or exit through the market.

- The price of the product offered by the companies totally depends upon the willingness of the customers. It solely depends upon the customers' will.

So all such characteristics make a pure or perfect competition distinctive.

Answer 2

The market structure of pure competition is distinctive due to a large number of small firms producing identical products and being price takers.

The market structure of pure competition is distinctive because it is characterized by a large number of small firms producing identical products, easy entry and exit of firms, perfect information, and no control over market prices by individual firms.

Pure competition involves a large number of firms, each of which is relatively small compared to the overall market. No individual firm has significant market power to influence prices.

The market structure of pure competition is distinctive due to the presence of numerous small firms, homogeneous products, price-taking behavior, ease of entry and exit, perfect information, and economic efficiency.

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Related Questions

What kind of map would need to show elevation in its legion

Answers

I believe its a physical map. but possibly small chance its a resourse map. but id definitly go with a physical may, with shows bodies of water, valleys, canyons, mountains, hills, ect. in great detail

A physical map shows elevation to represent the terrain and topography of an area. Elevation is commonly indicated using contour lines, shading, or color gradients. Thus, option (C) is correct.

Physical maps are designed to show the physical features of an area, which often include mountains, rivers, and valleys.These maps represent the natural landscape and usually emphasize the terrain and topography of a region.Elevation is a crucial aspect of physical maps because it showcases the height and depth of geographical features, allowing users to understand the terrain.Other kinds of maps such as political maps (which show state and country boundaries), road maps (which display routes and highways), and resource maps (which highlight natural resources) do not typically require elevation information in their legend.Physical maps often use contour lines, shading, or color gradients to indicate different elevations. The map legend is essential for interpreting these markings.Topographic maps, which are a subset of physical maps, are specifically designed to show precise elevation details using contour lines.

Therefore, the legend of a physical map is essential to interpreting elevation data, making it a vital part of such maps.

Complete Question:

What kind of map would need to show elevation in its legend?

A. a political map

B. a road map

C. a physical map

D. a resource map

Water is very important in UAE. In what ways does it shape life in that country?

Answers

The United Arab Emirates (U.A.E.) faces several water management challenges, including the scarcity of groundwater reserves, high salinity levels in existing groundwater, the high cost of producing drinking water, limited re-use of water, and limited collection and treatment of wastewater outside the urban areas. With water demand growing annually, the country’s water infrastructure is under significant pressure. There is an increasing need to invest in infrastructure and water efficiency technology to meet the future demand and to avoid a shortfall. However, budget cuts, as a result of falling government revenues due to low oil prices, have affected existing projects resulting in calls for proposals and more innovation. The government is managing the demand by investing in water efficient technology, energy efficient seawater desalination and in education. To address the high cost to the government has reduced subsidies for water and power since January 2015 and increased tariffs in 2016 and 2017.

Published by Environment Agency Abu Dhabi (EAD), Environment 2030 forecasts that both fresh and brackish underground water from U.A.E. aquifer systems will be exhausted within fifty-five years if mitigation measures are not taken. The government has addressed this issue, by using waste treated water to increase the efficiency of water use for irrigation. In 2017, the Abu Dhabi Municipality reported that 76 percent of the water use in landscapes in treated water and plans to have all fresh water replace by treated sewage effluent by the year 2030.

The U.A.E. has one of the highest per capita water consumption rates in the world (550 liters per day). As a result, the government is working to reduce demand by educating youth, reducing cost by eliminating subsidies, storing water in aquifers, regulating groundwater extraction, and investing in new energy efficient sea water desalination. As the main source of drinking water is from desalinization, the capacity is expected to increase steadily over the next few years, contributing 96.5 percent of all water produced by 2019. By 2019, total production is expected to reach 2.19 bn cubic meters of water (up 205 mn on 2015 production projections). Currently, substantially all of the drinking water used in the Emirate is produced through thermal desalination, requiring the combustion of fossil fuel. Measures to find alternative energy-efficient ways to produce drinking water are being explored.

Water is very important in the UAE because UAE faces water challenges. Water in the UAE is scarce.

 

EXPLANATION

UAE stands for the United Arab Emirates. UAE experiences a lot of water management challenges. In UAE, there is a scarcity of groundwater reserves, limited re-use of water, high salinity level in the water, high cost of producing water, and limited treatment wastewater outside the urban areas. The water infrastructure of the country is under pressure because the demand of water is growing annually. There is an urgency to invest on infrastructure and technology to be more efficient in using water.

 

The government is eventually investing on education, water utilization efficient technology, and energy efficient seawater desalination. In early 2019, United Arab Emirates government approved $1.6 billion for energy and water projects. The government also treated waste water in order to increase the efficiency of water use for irrigation. In the year 2017, 76 percent of the water used in landscapes has already been treated water and has the plan that in 2030 fresh water will be replaced by treated sewage effluent.

 

The UAE is known to have the highest water consumption per capita in the whole world. It consumes at least 500 liters per day. The government of UAE has been working to reduce the demand of water. The government eliminate subsidies, educate the youth, regulate groundwater extraction, store water in aquifers, and also invest in new energy efficient sea water desalination.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

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KEYWORD: water, UAE, consumption, UAE water consumption, UAE water challenge  

Subject: Social Studies

Class: 7-9

Subchapter: UAE

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