Microeconomicic

Microeconomicic

You are given examples of 3 industries

  1. Online trading e.g. eBay, Amazon (pick this if your last name starts with A or B)
  2. Grocery stores e.g. Safeway, Giant etc ( pick this if your last name starts with D, E, G and I)
  3. Fast food restaurants e.g. Macdonalds, BurgerKing etc (Pick this if your last name starts with L,M and O)
  4. Gasoline retailers e.g. Sunoco, Exxon etc (Pick this is your last name starts with S or T)

Pick one of the industries above (based on your last name initial) and determine if it falls under a perfectly competitive market.  If yes support your answer if no state why.

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