Which of the following is the best example of a firm operating in a competitive price-searcher market?

Question

Quizplus · Accepted Answer

A pizza parlor operating near a college campus is the best example of a firm operating in a competitive price-searcher market because there are likely many other pizza places in the area, but the parlor can differentiate itself through its pricing strategies and menu offerings. Shell Oil Company, a major refiner of gasoline and Boeing, the aircraft manufacturer, operate in oligopolies where there are few major players and significant barriers to entry. The Texas rancher that raises beef cattle operates in a perfectly competitive market where there are many small producers selling an identical product.

Which of the Following Is the Best Example of a Firm