Based on the text, it should be obvious that markets are ____ in reality, and consequently, monopolistic advantages ____ be exploited.
A) perfect; may possibly
B) perfect; cannot
C) imperfect; may possibly
D) imperfect; cannot

Question

Quizplus · Accepted Answer

The text implies that markets are imperfect in reality, which rules out options A and B. Additionally, the text mentions that monopolistic advantages can possibly be exploited, which rules out option D. Therefore, the correct answer is C.

Based on the Text, It Should Be Obvious That Markets