For most agricultural products, farmers produce homogeneous products, sell them to a common market, and generally cannot affect prices greatly.This is an example of which kind of market structure?

Question

Quizplus · Accepted Answer

In a perfect competition market structure, there are many sellers offering homogeneous products, and no single seller can influence the market price, which aligns with the scenario described for farmers.

For Most Agricultural Products, Farmers Produce Homogeneous Products, Sell Them