In Imperfectly Competitive Markets

question 372

Multiple Choice

In imperfectly competitive markets

• A) there is no competition in the markets.
• B) some competition may exist in the markets.
• C) some competition may exist but only on price and not in other ways.
• D) some competition may exist but only in other ways and not on price.

---

Definitions:

Liberal Ideologies

Political and social philosophies that emphasize individual rights, democracy, equality, and the welfare state, supporting change in the social, political, and economic realms.

Conservative Ideologies

Political beliefs that emphasize tradition, the importance of order, and resistance to rapid change in society or governance.

Contemporary Americans

Refers to the current population of the United States, often in the context of discussing their social, political, and economic conditions and behaviors.