Question

Which situation is the best example of a pure competition market?
A. Two gas stations operate on the same busy intersection.
B. Several computer companies sell laptops with unique features.
C. Two companies own every high-speed Internet provider in a country.
D. One company controls every steel mill in a country.

Answer 1

Answer: a

Step-by-step explanation: apex learning

Answer 2

The statement "Two gas stations operate on the same busy intersection." is correct option (A) would be correct.

What are the null hypothesis and alternative hypothesis?

The null and alternative hypotheses are two generalizations about a population that are strictly contradictory. The null hypothesis can be denoted by H₀ and the alternative hypothesis can be denoted by H₁.

We have:

Which situation is the best example of a pure competition market?

The statements are:

• A. Two gas stations operate at the same busy intersection.
• B. Several computer companies sell laptops with unique features.
• C. Two companies own every high-speed Internet provider in a country.
• D. One company controls every steel mill in a country.

As we know, from the hypothesis definition the explanation made by the limited data.

The situation two gas stations operate on the same busy intersection.

Thus, the statement "Two gas stations operate on the same busy intersection." is correct option (A) would be correct.

Learn more about the null hypothesis and alternative hypothesis here:

brainly.com/question/27335001

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