he competitive equilibrium in a market is unstable if i the

he competitive equilibrium in a market is unstable if: i. the critical competitive variables are few ii. a single major factor is the critical factor iii. the measurement of competitive equilibrium is at a ratio of 2:1 iv. competitors are nearly identical v. customer switching costs are high Choose one of the following combinations: Select one: a. iii, iv, v b. ii, iv c. iii, v

Solution

the competitive equilibrium in a market is unstable

if a single major factor is the critical factor

competitors are nearly identical

answer is option b