Solved

A Purely Competitive Economy Assumes the Existence in Each Industry

Question 17

Multiple Choice

A purely competitive economy assumes the existence in each industry of a:


A) large number of small firms facing a large number of small buyers.
B) few large firms facing a large number of small buyers.
C) large number of small firms facing a few large buyers.
D) few small firms facing a few small buyers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions