What assumptions are necessary for a market to be perfectly competitive? in light of what you have learned in this chapter, why is each of these assumptions important? for a market to be perfectly competitive, a. only a few firms may produce output, firms must have market power, and firms must produce a homogenous product. b. firms must be price takers, firms must produce a homogeneous product, and firms must be able to easily enter and exit the market. c. only one firm can produce output, no close substitutes may exist, and firms must not be able to enter the market. d. only one firm can have access to a key input, the government must regulate entry of new firms, and the long-run average cost of production must be decreasing. e. firms must have market power, firms must produce a differentiated product, and firms must be able to easily enter and exit the market.
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Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.
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Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
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What assumptions are necessary for a market to be perfectly competitive? in light of what you have...
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