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:

Alien and Sedition Acts

A series of laws passed in 1798 that restricted the rights of immigrants and limited speech critical of the government, controversial for infringing civil liberties.

Presidential Election

A process in which citizens or their elected representatives vote to select the president of a country.

Federalist Party

A political party in the early United States that favored a strong central government and a loose interpretation of the Constitution.

Thomas Jefferson

The third President of the United States (1801–1809), principal author of the Declaration of Independence (1776), and an influential Founding Father known for his promotion of the ideals of republicanism.