We consider ________ least likely to be a firm in an imperfectly competitive industry.

A) a Starbucks in Houston, Texas
B) Con Edison utility company
C) a corn farmer in Ohio
D) the only locally owned and operated television station in Portland, Oregon

Imperfectly Competitive

A market structure characterized by a few sellers who have some control over the prices and are not price takers, unlike in perfect competition.

Competitive Industry

An industry where numerous sellers offer similar products, ensuring no single entity can dictate prices, fostering competition based on price, quality, and innovation.