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QUESTION:

Many firms of all sizes actively compete in the computer hardware industry, and there are no firms with a large market share. Product offerings tend to be similar but are differentiated in ways that enable some firms to raise or impact pricing. The computer hardware industry is an example of Blank.

Multiple choice question.

ANSWER:

Your Answer correct

Many firms of all sizes actively compete in the computer hardware industry, and there are no firms with a large market share. Product offerings tend to be similar but are differentiated in ways that enable some firms to raise or impact pricing. The computer hardware industry is an example of Blank.

Multiple choice question.
Reason: 

A perfectly competitive industry is one that is fragmented and has many small firms that are similar in size and resources.

Correct AnswerQuestion

Posted by Cleveland on October 27, 2024
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