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susana soto-munoz
on Nov 05, 2024

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Which of the following is least likely to be considered a firm in an imperfectly competitive industry?

A) a Burger King in Pittsburgh, PA
B) Ohio Bell Telephone Company
C) a wheat farmer in Kansas
D) the only locally owned and operated bank in Severn, MD

Imperfectly Competitive

A market situation where individual producers or consumers have some control over the price of goods and services, contrary to perfect competition.

Locally Owned

Businesses that are owned, operated, and controlled within a local area or community.

Burger King

A global chain of fast food restaurants specializing in hamburgers, known for its signature Whopper burger.

  • Absorb the significant qualities that define diverse market systems, including monopolies, oligopolies, and monopolistic competition.
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LC
Lexie CantonNov 07, 2024
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