Why do purely competitive markets tend to benefit consumers over producers? companies control quality and supply. companies work together to set prices favorable to consumers. competition is driven by factors other than price. consumers control price through demand.

Answer;

-Consumers control price through demand.

Purely competitive markets tend to benefit consumers over producers because consumers control price through demand.

Explanation;

-In a purely competitive market, there are large numbers of firms producing a standardized product. The market prices are determined by consumer demand; suppliers have no influence over the market price, and thus, the suppliers are often referred to as price takers.

the given growth  function for the length of the fish (cm) is

f(m) = 5(1.07)m = 5.35m

where 

m = months

at the end of the study, the length is 9.19 cm. the  time for conducting the study is determined as

5.35m = 9.19

m = 1.7178 months

part a.

the study was performed over a time period  of about 1.72 months. therefore  the domain for  plotting the function is 0 < = m < = 1.72.

note:

if growth  continues at this rate for up to m months, then the domain would be 0< =m< =m.

part b.

the growth function is a linear function.

when m=0, f=0.

therefore the initial growth is zero, which represents the y-intercept.

part c.

assume that the growth function is valid for 0< =m< =9.

the average rate of change of the function is the slope of the linear function, which is 5.35 cm/month.

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