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Of the following industries, which are perfectly competitive? For those that are not perfectly competitive, explain why.
a.Restaurants
b.Corn
c.College education
d.Local radio and television
Book Value
The net value of an asset as recorded on the balance sheet, calculated as the asset's cost minus accumulated depreciation.
Affiliate's Debt Instrument
A financial security issued by an affiliate entity, representing a loan made by investors to the affiliate.
Gain Or Loss
It reflects the financial outcome from the sale of an asset, calculated as the difference between the sale price and the asset's book value.
Consolidated Net Income
The combined net income of a parent company and its subsidiaries, after adjusting for intercompany transactions and minority interests.
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