Which of the Following Is the Closest to Being a Perfectly

question 69

Multiple Choice

Which of the following is the closest to being a perfectly competitive market in the United States?

• A) Freshly brewed coffee
• B) Airline travel
• C) Computer hardware
• D) Fast-food restaurants
• E) Cell phone service

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Definitions:

Lockouts

A situation in labor relations where an employer prevents employees from entering the workplace, usually during a dispute.

Closed Shop

A place of employment where hiring is restricted to individuals who are members of a particular labor union.

Right-to-Work Laws

Legislation that prohibits union security agreements between companies and workers' unions, allowing individuals to work without the requirement to join the union or pay dues.

Taft-Hartley Act

An American federal statute from 1947 designed to curtail the actions and influence of labor unions.