Determine whether the following firms operate in an industry that is considered a perfectly competitive market or pure monopoly. a. Katherine's Orchard sells apples in Washington, a state in which many orchards are selling similar apples. multiple choice 1 Perfectly competitive market Pure monopoly b. The Station operates a gas station in a small town, with no close competitors for miles. multiple choice 2 Perfectly competitive market Pure monopoly c. Moe's Service Center is the only service station in town to offer brand name tires. multiple choice 3 Perfectly competitive market Pure monopoly d. The Coffee Shop offers coffee for the market price. It is unable to charge any price above the market price or customers will purchase coffee from a competitor. multiple choice 4 Pure monopoly Perfectly competitive market

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

It would be contaminated with germs