Which of the Following Markets Most Closely Resembles the Characteristics

question 48

Multiple Choice

Which of the following markets most closely resembles the characteristics of a perfectly competitive market?

• A)The cable television industry
• B)The fast food restaurant industry
• C)The steel industry
• D)Hot dog vendors on city streets

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Definitions:

Subject

In philosophy, it refers to the entity that is the observer or experiencer of perceptions and thoughts.

Predicate

A grammatical and logical term that refers to the part of a sentence or an expression that states something about the subject.

Propositions

Statements or assertions expressing judgments or opinions that can be either true or false.

True

Corresponding to reality or fact; not false.