MCQOPTIONS
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| 1. |
_ A perfect market is one in which __________.$? |
| A. | One firm develops an advantage based on a factor of production that other firms cannot purchase |
| B. | One participant in the market has more resources than the others |
| C. | there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production |
| D. | competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage |
| Answer» D. competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage | |