Explain the long-term equilibrium of a firm under perfect competition.
(4 x 2) (8)
Explain the...
Explain the long-term equilibrium of a firm under perfect competition.
(4 x 2) (8)
Explain the goals of the South African competition policy.
(8)
Briefly discuss the number of businesses and the nature of the product as characteristics of
a perfect market structure.
(2 x 4) (8)
Explain, by means of a neatly labelled graph, the relationship between the shut-down point
and the supply curve (MC) of the individual business in the perfect market. (2 x 4) (8)
What are the objectives of the Competition Act, 1998 (Act 89 of 1998) in South Africa?
(4 x 2) (8)
With the aid of a graph, explain why marginal cost must be equal to marginal revenue for
profits to be maximised.
(8)
Draw a clearly labelled graph indicating the shut-down point for the perfect competitor.
Briefly explain why a business will stop producing goods at this point.
(10 marks)
(TOTAL: 126]
Answers: 1
English, 21.06.2019 16:30, GracieMaeB
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Answers: 2
English, 22.06.2019 12:30, lberries08
Identify the statement that uses the verb mood in the interrogative. a. she could if you ask politely. b. could an angel break my heart? c. in the group, tiger could run the fastest. d. stop imagining about what he could do.
Answers: 1
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