Which of the Following Best Resembles a Perfectly Competitive Market

question 138

Multiple Choice

Which of the following best resembles a perfectly competitive market?

• A) a stock market
• B) the book publishing industry
• C) the steel industry
• D) the used car industry

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Definitions:

Prescriptive

Relating to the imposition or application of rules and recommendations for behavior or action.

Brainstorming Method

A creative group problem-solving technique that involves generating a large number of ideas in order to find a solution to a particular issue.

Ranking

The act of arranging or grading individuals, items, or concepts according to their achieved level, performance, or quality.

Delphi Technique

A structured communication method that relies on a panel of experts answering questionnaires in two or more rounds to converge on a consensus solution or decision.