Competition Is More Likely to Exist When

question 243

Multiple Choice

Competition is more likely to exist when

• A) there is easy entry into and exit out of industries.
• B) a government-issued license is required to set up a firm in an industry.
• C) the government purchases most goods and services.
• D) economic power is concentrated among a few large firms.

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Definitions:

Priority Mail

A fast shipping service offered by postal services that provides expedited delivery of packages and letters.

Parcel Post

A postal service for sending packages and parcels through the mail.

Certified Mail

A postal service that provides the sender with a mailing receipt and electronic verification that an article was delivered or that a delivery attempt was made.

Irreplaceable

Something so unique or valuable that it cannot be replaced if lost or destroyed.