Which of the Following Firms Is the Closest to Being

question 521

Multiple Choice

Which of the following firms is the closest to being a perfectly competitive firm?

• A)a hot dog vendor in New York
• B)Microsoft Corporation
• C)Ford Motor Company
• D)the campus bookstore

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Definitions:

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market mutual funds.

FDIC

The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.

Bank Deposits

Money placed into banking institutions for safekeeping. These deposits are typically made into checking or savings accounts.

Bank Failures

Occurrences when banks are unable to meet their obligations to depositors and others, often leading to insolvency and closure.