There are more than 20 stores on a street in Sao Paulo that specialize in selling the same quality and brand of wheat products.An individual seller cannot charge more than the going market price without the risk of losing business to the other stores.What type of market does this example represent?
A) pure competition
B) monopolistic competition
C) oligopolistic competition
D) a pure monopoly
E) a black market

Question

Quizplus · Accepted Answer

This example represents pure competition, where many sellers offer identical products, and no single seller can influence the market price.

There Are More Than 20 Stores on a Street in Sao