Select the right answer (a, b, c, or d): While very few markets are \'purely com

Question

Select the right answer (a, b, c, or d):

While very few markets are 'purely competitive' according to the strict economic definition, market analysts often us competition as the:

a.

benchmark from which to judge other market settings.

b.

standard of an inefficient market structure.

c.

market with poor entry and exit conditions.

d.

one market with typical asymmetry in information.

a.

benchmark from which to judge other market settings.

b.

standard of an inefficient market structure.

c.

market with poor entry and exit conditions.

d.

one market with typical asymmetry in information.

Explanation / Answer

benchmark from which to judge other market settings

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