Bissoy.com
Doctors Medicines MCQs Q&A

  1. One firm develops an advantage based on a factor of production that other firms cannot purchase
  2. One participant in the market has more resources than the others
  3. there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production
  4. competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage
4 views

1 Answers

Answer: Option 3

A perfect market is one in which there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.

4 views

Related Questions