Explore BrainMass
Share

Model that yields same results as Perfect Competition

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model.
Baumol's sales maximization hypothesis
The Pareto optimality condition
The Cournot model
The theory of contestable markets
none of the above

© BrainMass Inc. brainmass.com March 21, 2019, 10:06 pm ad1c9bdddf
https://brainmass.com/economics/perfect-competition/model-that-yields-same-results-as-perfect-competition-404823

Solution Preview

The Theory of Contestable Markets predicts an efficient market ...

Solution Summary

Multiple choice question dealing with market theory.

$2.19