Of the Following Industries, Which Are Perfectly Competitive? of Those

question 79

Essay

Of the following industries, which are perfectly competitive? Of those which are not, why do they not fit the model?
a.local banking
b.gasoline stations
c.college-level educational institutions
d.local radio and television
e.local farmers' market

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Definitions:

Liquidity Test

A financial analysis conducted to determine a company's ability to pay off its short-term liabilities with its liquid assets.

Acid-Test Ratio

A financial measurement that evaluates a company's ability to pay off its current liabilities with its most liquid assets.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's accounts receivable are collected during a specific period, typically a year.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.