Which of the Following Is the Closest Example of a Perfectly

question 373

Multiple Choice

Which of the following is the closest example of a perfectly competitive market?

• A) fast foods
• B) beer
• C) gasoline stations
• D) soybeans

---

Definitions:

Theft

In criminal law, knowingly taking or obtaining control over the property of another without consent, using deceit, threats, or coercion.

Binder

An oral or a written memorandum of an agreement for insurance intended to provide temporary insurance coverage until the policy is formally accepted.

Insurance Coverage

The protection provided by an insurance policy against financial loss or damage, specifying what types of loss are compensated.

Adhesion Contract

A contract drawn by one party that must be accepted on a take-it-or-leave-it basis.