Which of the following is closest to the economists definition of perfect competition?
a. the airline industry
b. the soft drink induscompetition definitiontry
c. the fishing industry
d. the long-distance telephone service.
I think its c... Am i right?
The answer is C. there are many smacompetition definitionll producers.Fish is homogeneous product whoever catches them.
I would say c also. There is no advertising. It depends on what you catch.competition definition
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