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Author Question: Which of the following markets best approximates the perfectly competitive market structure? a. ... (Read 51 times)

dmcintosh

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  • Posts: 517
on: Jun 30, 2018
Which of the following markets best approximates the perfectly competitive market structure?
 a. automobile manufacturing
  b. insurance
  c. world commodity markets
  d. airlines
  e. manufacture of stereo equipment

Question 2

Perfectly competitive firms respond to changing market conditions by varying their
 a. price
  b. output
  c. market share
  d. information
  e. advertising campaigns


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mcinincha279

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


dmcintosh

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  • Posts: 517
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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