Which of the Following Firms Is the Closest to Being

question 238

Multiple Choice

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

• A)the New York Yankees
• B)Apple, Inc.
• C)DeBeers diamond wholesalers
• D)a wheat farmer in Kansas

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Definitions:

Steam Engine

A heat engine that performs mechanical work using steam as its working fluid.

Multiculturalism

A policy or ideology that promotes the inclusion and celebration of diverse cultural backgrounds, traditions, and beliefs within a society, recognizing and respecting cultural differences.

Pluralistic Societies

Societies that are characterized by the peaceful coexistence of various groups, cultures, or individuals with differing beliefs, values, and lifestyles.

Modernization

The process of adopting newer methods, ideas, and technologies in various aspects of society, aiming for progress in economic, social, and cultural domains.