Which of the Following Firms Is the Closest to Being

question 521

Multiple Choice

Which of the following firms is the closest to being a perfectly competitive firm?

• A)a hot dog vendor in New York
• B)Microsoft Corporation
• C)Ford Motor Company
• D)the campus bookstore

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Definitions:

Commerce

The activity of buying and selling of goods and services, especially on a large scale, involving transportation and trade between parties.

Context

The circumstances or background information surrounding a situation, event, or communication that helps give it meaning.

Community

A group of people living in the same place or having a particular characteristic in common, sharing interests, values, or goals.

Content

The information or experience that is directed towards an end-user or audience, especially in digital media.