The best example of a perfectly competitive industry is:

Name: The best example of a perfectly competitive industry is:
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Question

Quizplus · Accepted Answer

Corn is the best example of a perfectly competitive industry because it is a homogeneous product and there are many small producers in the market, none of whom have control over the market price. Additionally, there are no barriers to entry or exit from the market, making it easy for new producers to enter if they believe they can make a profit.

The Best Example of a Perfectly Competitive Industry Is