Small Service Sector Industries Are Considered Imperfectly Competitive Because

question 22

Multiple Choice

Small service sector industries are considered imperfectly competitive because:

• A) the products and services they produce are differentiated.
• B) firms can freely enter and exit the market.
• C) there is a large number of players in the market.
• D) the number of buyers in the market is very large.

---

Definitions:

Concision

The quality of expressing ideas in a succinct, clear manner, without unnecessary words or details.

Correctness

The accuracy and appropriateness in communication or in the use of language.

Media And Channels

Various means and platforms for communication and information dissemination.

Producing And Delivering

The process of creating content or a product and then distributing it to the intended audience or market.