Of the Following Industries, Which Are Perfectly Competitive? for Those

question 123

Essay

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

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Definitions:

Delusions

Fixed false beliefs that are resistant to reason or confrontation with actual fact, commonly observed in psychiatric conditions.

Hallucinations

Perceptions that occur without an external stimulus, but which have the compelling sense of reality of true perceptions.

Agoraphobia

Anxiety disorder characterized by fear of places and situations in which it would be difficult to escape, such as enclosed places, open spaces, and crowds.

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically worked into an organized system.