Discuss wheather the following are examples of perfectly competitive industries. a. The US stock market b....
Discuss wheather the following are examples of perfectly competitive industries.
a. The US stock market
b. The automobile industry
1) Answer the questions in two detailed paragraphs.
Homework Answers
None of the above is an example of a perfectly competitive market.
Every stock exchanges have some different features and the stocks.Some stocks listed on NYSE may not be listed on NASDAQ. The Nasdaq is the largest electronic screen-based market. It currently offers lower listing fees than NYSE,while the AMEX focuses on exchange-traded funds (ETFs).
Similarly the automobile industry is monopolistically competitive because all brands sell differentiated cars.An Audi and a Jaguar may have some similar feature but they are also different in some other aspects like designing, mileage etc.
Thus,the stock market or the automobile industry cannot be categorised as a perfectly competitive industry.
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