Which of the Following Is Closest to the Economist's Definition

question 156

Multiple Choice

Which of the following is closest to the economist's definition of perfect competition?

• A)The airline industry
• B)The soft drink industry
• C)The fishing industry
• D)Cellular telephone service

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Definitions:

Eskimo

A term historically used to refer to indigenous peoples inhabiting the Arctic regions of Greenland, Canada, and Alaska, now often considered outdated or pejorative.

Lineage Fusion

A social process where separate lineages or family groups come together to form a larger community or society.

Lineage Fission

The division or splitting of a lineage or social group into two or more new lineages or groups, often over disputes or for other social reasons.

Descent Group

A social group whose members share a common ancestry; membership is derived through either the maternal or paternal line.