3. The Market Forces of Supply and Demand

Potential entrants are more likely to be deterred from actually entering an industry when:

Which of the following goods is most likely to be sold in a perfectly competitive market?

In competitive markets, consumers typically compare a firm's products and prices with those offered by ______.

Which of the following strategies would most likely be utilized by a market challenger in a competitive market?

Which of the following is a feature of a purely competitive market?

In the context of competitive markets, why do in-store hiring kiosks help employers save money?

The competitive marketing strategy involves all of the following except:

Which of the following tests of competitive advantage is probably the easiest test to pass in a competitive market?

In the short run, a perfectly competitive firm will:

In competitive markets, how do firms typically set their prices?

In a competitive market for airline fares, how does increased competition among airlines typically affect the prices that consumers pay for tickets?

Which of the following is an example of a market in the context of competitive markets?

The competition in food retailing could best be characterized as which of the following?

In the context of competitive markets, what is a likely outcome when the retail sector is very concentrated?

Which of the following best describes the competitive tendencies of small firms in a competitive market?