Examlex
Which of the following is a good example of a firm that is not likely to be perfectly competitive?
Minor
An individual under the legal age of adulthood, generally unable to enter into enforceable contracts except for certain necessities.
Limited Capacity
A legal status or condition that restricts an individual's ability to legally enter into contracts due to factors like age, mental competency, or intoxication.
Contract
A commitment between two or more individuals or groups that is backed by and enforceable through the legal system.
Misrepresents Age
The act of intentionally providing a false age or birth date, typically to bypass age restrictions or for other benefits.
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