What is natural capital? Describe why you think this concept is missing from the

Question

1. What is natural capital? Describe why you think this concept is missing from the current way that economics is discussed in the media.
2. What characteristics do you generally see with firms in a perfectly competitive market? When will new firms enter the market under perfect competition? When will they choose to exit?
3. With all of the government regulations and anti-trust laws, are there really any monopolies or are they non-existent? Give an example if you think there are some cases of monopolistic type behavior in our markets.

Explanation / Answer

no,profits are vesy less compared to whole

A market is said to be perfectly competitive when demand and supply forces operate freely to determine the market price. The market price is uniform for the whole market. There is no restriction on entry, no product differentiation and no market concentration. Specific characteristics may include:
1. Infinite buyers and sellers

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