The existence of many competitors in any one market segment may ...

[scienceeasy]

The existence of many competitors in any one market segment may indicate:
 
  A) an untapped market niche.
  B) the market is saturated.
  C) no one firm has differentiated itself within that market.
  D) a market that has already been tried without success.

Question 2

A perfect market is one in which:
 
  A) there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.
  B) one firm develops an advantage based on a factor of production that other firms cannot purchase.
  C) one participant in the market has more resources than the others.
  D) competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage.

[ally]

Answer to Question 1

B

Answer to Question 2

A