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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.University education
d.Local radio and television
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Systems Model
A theoretical framework that represents and analyzes a complex system by identifying its components and their interactions.
Dynamic Concept
A principle or idea characterized by constant change, activity, or progress.
Competency
Competency represents a set of defined skills, knowledge, behaviors, and abilities that are required to perform tasks effectively and efficiently.
Environmental Conditions
External factors including climate, geography, and human-made surroundings that impact living organisms and human society.
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