Competitive industries:
A) require government intervention
B) compete all profits away until firms must exit
C) results in shut factories and unemployment
D) keep society growing by being efficient
Correct Answer:
Verified
Q44: The biggest winner from technology is:
A) consumers
B)
Q45: Which industry meets all four characteristics of
Q46: A competitive firm:
A) must win customers over
Q47: A price maker:
A) is perfectly competitive
B) is
Q48: Competition:
A) is wasteful to society
B) is efficienct
Q50: An agricultural commodity producer is most likely
Q51: Define and explain, "market structure."
Q52: Explain the impact of the number of
Q53: Give an example of a perfectly competitive
Q54: Define and explain the terms, "price maker"
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