Multiple Choice
Which of the following is the best example of a business firm operating in a competitive price-taker market?
A) TGIFriday's, a restaurant chain that operates in numerous locations
B) a bookstore located a few blocks from a major university
C) Ford Motor company, a major manufacturer of automobiles that operates in numerous markets throughout the world
D) an Indiana hog farmer that raises pigs
Correct Answer:
Verified
Correct Answer:
Verified
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