Which of the following is an example of a perfectly competitive market?

A. Apples
B. Frozen yogurt shops
C. Fast-food
D. Cable company

Answer: A

Economics

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Bananas, chocolate bars, chewing gum, orange juice and yogurt are considered to be ________ goods

A) service B) durable C) nondurable D) essential

Economics

Outcomes are fair according to the

A) rules view if private property rights are established and trade is voluntary. B) results view if private property rights are established and trade is voluntary. C) rules view if there is not too much inequality. D) results view if there is not a big tradeoff. E) results view if there is equality of opportunity.

Economics