Which of the following is not involved in Pure Competition
A)Cotton farmer in Texas
B)National Basketball Association franchise
C)Starbucks
D)Macy's

Question

Quizplus · Accepted Answer

National Basketball Association franchise is not involved in Pure Competition as it is a part of the entertainment industry which is dominated by an oligopoly market structure. Cotton farmer in Texas, Starbucks, and Macy's are all involved in Pure Competition as they operate in industries where there are a large number of small producers selling similar products and there is no control over the market price.

Which of the Following Is Not Involved in Pure Competition