Which of the Following Products Would Most Closely Fit the Competitive

question 98

Multiple Choice

Which of the following products would most closely fit the competitive price-taker model?

• A) stereo systems-there are many reputable brands.
• B) beer-it has many consumers.
• C) eggs-there are many producers of this relatively homogeneous product.
• D) automobiles-there are substantial economies of scale in production.