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Chapter 8: Q.2 (page 210)

Would independent trucking fit the characteristics of a perfectly competitive industry?

Short Answer

Expert verified

The characteristics of perfect competition are well suited to independent trucking.

Step by step solution

01

Definition

Independent trucking is a sector that is fiercely competitive.

02

Explanation

Independent truckers should charge the going rate for their services, therefore it appears that independent trucking has the most and fits the features of perfect competition the best.

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