A recipe for orange water says, "Mix 3 teaspoons yellow water with 1 teaspoon red water." For this recipe, we might say: "The ratio of teaspoons of yellow water to teaspoons of red water is 3:1." Write a ratio for 2 batches of this recipe.
Write a ratio for 4 batches of this recipe.
Explain why we can say that any two of these three ratios are equivalent.

Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false