Which Firm Is Most Likely to Meet the Condition for Perfect

question 57

Multiple Choice

Which firm is most likely to meet the condition for perfect competition that resources are mobile?

• A)A farm
• B)A sidewalk pretzel vendor
• C)A department store
• D)A movie theater

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Definitions:

Americans

Citizens or natives of the United States of America.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting programs for entertainment, news, and education.

Estimated Percent

A calculated approximation, often used in statistics, reflecting the portion or fraction of a whole represented as a percentage.

Selection Biases

The distortion of statistical analysis resulting from the method of collecting samples, leading to non-representative samples that do not reflect the true population.