Which of the following is the best example of a perfectly competitive market?

Question

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Farming typically involves a large number of small firms producing similar products, with low barriers to entry and exit, and perfect information for buyers and sellers. This fits the characteristics of a perfectly competitive market. The other options (athletic shoes, soft drinks, diamonds, and electricity distribution) all involve factors that make them less competitive, such as brand recognition, differentiation of products, or government regulation.

Which of the Following Is the Best Example of a Perfectly