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Strictly speaking, pure competition is relatively rare. Then why do we study it? multiple choiceIt produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison.It is the most prevalent industry structure in South Africa.It is the most common type of global industry structure.It is the only industry structure in which price equals marginal cost.

Question

Strictly speaking, pure competition is relatively rare. Then why do we study it? multiple choiceIt produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison.It is the most prevalent industry structure in South Africa.It is the most common type of global industry structure.It is the only industry structure in which price equals marginal cost.

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Solution

La respuesta correcta es: "It produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison."

Paso a paso:

  1. Identificación de la pregunta: La pregunta nos pide entender por qué estudiamos la competencia pura, a pesar de que es relativamente rara.

  2. Análisis de las opciones:

    • Opción 1: "It produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison." Esta opción sugiere que la competencia pura produce resultados ideales en términos de producción de bajo costo y eficiencia asignativa, lo cual puede ser usado como base de comparación.
    • Opción 2: "It is the most prevalent industry structure in South Africa." Esta opción sugiere que la competencia pura es la estructura industrial más prevalente en Sudáfrica, lo cual no es necesariamente cierto.
    • Opción 3: "It is the most common type of global industry structure." Esta opción sugiere que la competencia pura es el tipo más común de estructura industrial a nivel global, lo cual no es correcto.
    • Opción 4: "It is the only industry structure in which price equals marginal cost." Esta opción sugiere que la competencia pura es la única estructura industrial en la que el precio es igual al costo marginal, lo cual es una característica, pero no la razón principal para estudiarla.
  3. Selección de la respuesta correcta: La opción 1 es la más adecuada porque explica que la competencia pura se estudia debido a que produce resultados ideales en términos de producción de bajo costo y eficiencia asignativa, lo cual puede ser usado como una base de comparación para otras estructuras de mercado.

Por lo tanto, la respuesta correcta es la opción 1.

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