Which of the Following Is the Best Example of a Perfectly

question 244

Multiple Choice

Which of the following is the best example of a perfectly competitive industry?

• A)wheat production
• B)steel production
• C)electricity production
• D)airplane production

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Definitions:

Labor Force

The total number of people who are eligible and able to work, including those currently employed and those seeking employment.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, and benefits.

Members

Individuals or entities that are part of a group, organization, or society, typically with certain rights or obligations.

AFL

The American Federation of Labor is a nationwide coalition of labor unions within the United States.