An Example of a Perfectly Competitive Firm Is

question 57

Multiple Choice

An example of a perfectly competitive firm is

• A) an oat farmer in the United States.
• B) the local cable TV company.
• C) a U.S. automobile producer.
• D) a big city newspaper.

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Definitions:

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Deduction Theorem

A principle in logic stating that if a particular conclusion can be logically derived from a set of premises, then the implication of these premises leading to that conclusion is also true.

Gender Discrimination

Involves rewarding men and women differently for the same work.

Pleasure Principle

A psychoanalytic concept suggesting that individuals seek pleasure and avoid pain to satisfy their biological and psychological needs.