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Of the following, which is a perfect competitor? A. AT&T, one of the three major

ID: 1108036 • Letter: O

Question

Of the following, which is a perfect competitor?
A. AT&T, one of the three major providers of long distance telephone service in the United States.
B. The company that provides your local cable TV service.
C. A tomato grower living in Florida.
D. DeBeers, the provider of more than 80 percent of the rough diamonds in the world. Of the following, which is a perfect competitor?
A. AT&T, one of the three major providers of long distance telephone service in the United States.
B. The company that provides your local cable TV service.
C. A tomato grower living in Florida.
D. DeBeers, the provider of more than 80 percent of the rough diamonds in the world. Of the following, which is a perfect competitor?
A. AT&T, one of the three major providers of long distance telephone service in the United States.
B. The company that provides your local cable TV service.
C. A tomato grower living in Florida.
D. DeBeers, the provider of more than 80 percent of the rough diamonds in the world.

Explanation / Answer

C. A Tomato Grower Living in Florida

All the other options get to indicate the ones which have very less number of firms and this quality does not qualify them as a perfect competitor. Therefore (c) is the answer.

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