Case Study

 

Instructions: Review your textbook and answer the following questions:

Answer the following questions and submit your answers in the Case Study drop box under the lessons tab on Angel. You may prepare your answers ahead of time and attach them as a MS Word document only. Please be thorough in your responses. Each question must be answered in the form of a paragraph (minimum of 5 sentences). You must include your Name, Section Number, and Title. Also, you are required cite your source(s) using MLA formatting.

Question 1: Define Perfect Competition.

Question 2: Give 3 examples of perfect competitors

Question 3: Discus and analyze whether the perfect competitor is a price maker or price taker and explain why
There is no spicific book or website but you could use http://www.bls.gov/bls/newsrels.htm
And/or
The book isbn : 978-0-07-802175-6

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