A perfect market is one in which __________.
A. One firm develops an advantage based on a factor of production that other firms cannot purchase
B. One participant in the market has more resources than the others
C. there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production
D. competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage
Answer: Option C
Solution(By Examveda Team)
A perfect market is one in which there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.The dimension of e-commerce that enables commerce across national boundaries is called _______.
A. interactivity
B. global reach
C. richness
D. ubiquity
Which of the following describes e‐commerce?
A. Doing business electronically
B. Doing business
C. Sale of goods
D. All of the above
Which of the following is part of the four main types for e‐commerce?
A. B2B
B. B2C
C. C2B
D. All of the above
Join The Discussion