Which of the following is a good example of a firm that is not likely to be perfectly competitive?
A) Farmer Joe's wheat.
B) Coyote Wile's beef ranch.
C) Captain John's salmon farm.
D) Aviator Alan's nonstop airline service from Seattle to Nome.

Question

Quizplus · Accepted Answer

Aviator Alan's nonstop airline service from Seattle to Nome is not likely to be perfectly competitive because it is a service that requires investment in specialized equipment and infrastructure, which creates barriers to entry for potential competitors. Additionally, it may have pricing power due to limited competition on this specific route. In contrast, Farmer Joe's wheat, Coyote Wile's beef ranch, and Captain John's salmon farm could be more easily replicated by other farmers, leading to greater competition and a more perfectly competitive market.

Which of the Following Is a Good Example of a Firm