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Explain the assumptions behind perfect competition and how firms behave under this market structure.

Perfect competition assumes that everyone has perfect information (no asymmetries). In addition, under perfect competition, there are many firms selling a homogeneous product. No one firm can have an effe...

TR
Answered by Tierney R. Economics tutor
3445 Views

How does the process of transcription work?

The 2 DNA strands are split apart by DNA Helicase by breaking the hydrogen bonds between complementary base pairs, with the sense strand being used as a template. Free RNA nucleotides in the cytoplasm att...

SB
Answered by Sophie B. Biology tutor
3756 Views

What is the effect of an increase in substrate concentration on the rate of reaction?

An increase in the substrate concentration increases the rate of reaction initially as more enzyme-substrate collisions occur, resultng in more enzyme-substrate complexes being...

PK
Answered by Parissa K. Biology tutor
13337 Views

How successful were President Kennedy’s domestic policies?

Despite lasting only 1036 days, many historians have argued that Kennedy’s domestic policies achieved much success in that they were wide ranging and ambitious. With policies such as Medicare and legislat...

MC
Answered by Megan C. History tutor
12286 Views

Describe the processes that occur at a cholinergic synapse to allow signal transmission

When an action potential arrives at the end of a presynaptic neurone, it causes the uptake of calcium ions through ion channels in the wall of the synapse. This influx of calcium ions causes vessicles of ...

TD
Answered by Tara D. Biology tutor
5139 Views

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