Which of the Following Is Closest to the Economist's Definition

question 71

Multiple Choice

Which of the following is closest to the economist's definition of perfect competition?

• A)the airline industry 
• B)the soft drink industry 
• C)the fishing industry 
• D)cellular telephone service

---

Definitions:

Iron

A metal element with the symbol Fe, known for its magnetic properties and widely used in construction, manufacturing, and biochemistry.

Isotope

Variants of a particular chemical element which differ in neutron number, and consequently in nucleon number.

Electrons

subatomic particles with a negative electric charge, found in all atoms, and acting as the primary carrier of electricity in solids.

Isotope

Variants of a particular chemical element that have the same number of protons but different numbers of neutrons in their nuclei.